Ero Copper Corp. (TSE:ERO) Receives C$33.77 Consensus Target Price from Brokerages

Ero Copper Corp. (TSE:ERO) has earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$33.77.

A number of equities analysts have recently commented on ERO shares. Ventum Financial cut their price target on shares of Ero Copper from C$33.00 to C$32.50 in a report on Thursday, August 22nd. Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$34.00 to C$36.00 in a report on Tuesday, September 3rd. BMO Capital Markets lifted their price target on shares of Ero Copper from C$41.00 to C$43.00 in a report on Tuesday, July 23rd. National Bankshares lifted their price target on shares of Ero Copper from C$32.50 to C$33.00 and gave the stock a “sector perform” rating in a report on Monday, July 15th. Finally, TD Securities dropped their target price on shares of Ero Copper from C$31.00 to C$30.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th.

Ero Copper Stock Performance

Shares of Ero Copper stock opened at C$25.39 on Thursday. The firm has a market capitalization of C$2.62 billion, a P/E ratio of -97.27, a P/E/G ratio of -0.72 and a beta of 1.98. The company’s 50 day moving average price is C$27.79 and its two-hundred day moving average price is C$27.37. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. Ero Copper has a fifty-two week low of C$15.72 and a fifty-two week high of C$32.89.

Ero Copper (TSE:ERO) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.02. The company had revenue of C$160.22 million for the quarter, compared to analyst estimates of C$154.50 million. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. On average, equities analysts forecast that Ero Copper will post 4.7328244 earnings per share for the current fiscal year.

Insider Transactions at Ero Copper

In other news, Director Lyle Braaten sold 10,000 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$28.11, for a total transaction of C$281,053.00. 10.37% of the stock is currently owned by insiders.

Ero Copper Company Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.