Analysts Set Ero Copper Corp. (TSE:ERO) PT at C$44.54

Ero Copper Corp. (TSE:ERO) has been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$44.54.

ERO has been the topic of several research analyst reports. Desjardins raised their price objective on Ero Copper from C$37.50 to C$45.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Canaccord Genuity Group boosted their target price on Ero Copper from C$48.00 to C$52.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Bank of America cut shares of Ero Copper from a “buy” rating to a “neutral” rating and dropped their target price for the stock from C$49.00 to C$45.00 in a report on Monday, February 9th. Raymond James Financial downgraded shares of Ero Copper from a “buy” rating to a “hold” rating and reduced their price target for the company from C$49.00 to C$45.00 in a research note on Monday, February 9th. Finally, National Bank Financial lowered their price objective on shares of Ero Copper from C$56.00 to C$53.50 and set a “sector perform” rating for the company in a research report on Wednesday, February 25th.

Ero Copper Trading Down 3.6%

Shares of Ero Copper stock opened at C$35.86 on Monday. The company has a market capitalization of C$3.73 billion, a price-to-earnings ratio of 26.96, a PEG ratio of -0.72 and a beta of 1.66. The company has a quick ratio of 1.43, a current ratio of 1.06 and a debt-to-equity ratio of 67.59. Ero Copper has a 12-month low of C$13.17 and a 12-month high of C$53.69. The firm’s 50-day moving average price is C$42.81 and its two-hundred day moving average price is C$34.42.

Insider Activity

In other Ero Copper news, Director John H. Wright sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of C$52.11, for a total value of C$781,650.00. Following the completion of the transaction, the director directly owned 377,832 shares in the company, valued at approximately C$19,688,825.52. This represents a 3.82% decrease in their position. 10.37% of the stock is owned by corporate insiders.

About Ero Copper

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.