Brokerages Set Ero Copper Corp. (TSE:ERO) PT at C$30.58

Shares of Ero Copper Corp. (TSE:ERO) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$30.58.

A number of brokerages have recently issued reports on ERO. The Goldman Sachs Group raised Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. Jefferies Financial Group lowered their target price on shares of Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. Raymond James dropped their target price on shares of Ero Copper from C$29.00 to C$28.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. National Bankshares lowered their price target on shares of 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. Finally, Canaccord Genuity Group dropped their price objective on shares of Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th.

Ero Copper Trading Down 6.3 %

ERO stock opened at C$17.52 on Monday. The business’s 50-day moving average is C$18.98 and its 200 day moving average is C$22.19. Ero Copper has a 12-month low of C$16.11 and a 12-month high of C$32.89. The stock has a market cap of C$1.23 billion, a price-to-earnings ratio of 76.64, a PEG ratio of -0.72 and a beta of 1.98. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17.

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.