Analysts Set Ero Copper Corp. (TSE:ERO) PT at C$32.92

Ero Copper Corp. (TSE:ERO) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$32.92.

Several brokerages recently issued reports on ERO. The Goldman Sachs Group upgraded shares of Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. TD Securities decreased their target price on shares of Ero Copper from C$30.00 to C$27.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Canaccord Genuity Group lifted their target price on shares of Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Scotiabank cut their price target on Ero Copper from C$34.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Finally, Ventum Financial lowered their price objective on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st.

Ero Copper Price Performance

ERO opened at C$20.78 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. The company has a market cap of C$2.15 billion, a price-to-earnings ratio of -79.92, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The stock has a fifty day simple moving average of C$21.12 and a two-hundred day simple moving average of C$25.56. Ero Copper has a 12-month low of C$18.38 and a 12-month high of C$32.89.

Insider Buying and Selling at Ero Copper

In other Ero Copper news, Director Chantal Gosselin sold 10,000 shares of Ero Copper stock in a transaction that occurred on Thursday, November 28th. The shares were sold at an average price of C$21.17, for a total value of C$211,700.00. Company insiders own 10.37% of the company’s stock.

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.