Ero Copper Corp. (TSE:ERO) Given Average Rating of “Moderate Buy” by Analysts

Ero Copper Corp. (TSE:ERO) has earned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$30.38.

A number of analysts have recently commented on ERO shares. National Bankshares cut their target price on Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating on the stock in a research report on Wednesday, February 12th. Canaccord Genuity Group cut their price target on shares of Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Jefferies Financial Group decreased their price objective on shares of Ero Copper from C$33.00 to C$29.00 in a report on Tuesday, January 7th. Scotiabank reduced their price objective on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Eight Capital reduced their price target on shares of Ero Copper from C$40.00 to C$34.00 in a report on Wednesday, November 6th.

Insider Buying and Selling

In other Ero Copper news, Director Chantal Gosselin bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average price of C$19.44 per share, with a total value of C$194,400.00. Corporate insiders own 10.37% of the company’s stock.

Ero Copper Stock Performance

Shares of Ero Copper stock opened at C$16.52 on Thursday. The firm’s 50 day moving average is C$19.55 and its two-hundred day moving average is C$23.36. Ero Copper has a 52 week low of C$16.49 and a 52 week high of C$32.89. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The firm has a market capitalization of C$1.16 billion, a P/E ratio of 72.27, a P/E/G ratio of -0.72 and a beta of 1.98.

About Ero Copper

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.