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

Shares of Ero Copper Corp. (TSE:ERO) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Six investment 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 1-year price target among analysts that have issued ratings on the stock in the last year is C$33.77.

Several equities research analysts recently issued reports on ERO shares. Scotiabank cut their target price on shares of Ero Copper from C$40.00 to C$36.00 in a research note on Monday, August 19th. Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$34.00 to C$36.00 in a research report on Tuesday, September 3rd. BMO Capital Markets raised their price objective on shares of Ero Copper from C$41.00 to C$43.00 in a research report on Tuesday, July 23rd. Ventum Cap Mkts upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Ventum Financial cut their price objective on shares of Ero Copper from C$33.00 to C$32.50 in a research report on Thursday, August 22nd.

Insider Activity at Ero Copper

In related news, Director Lyle Braaten sold 10,000 shares of Ero Copper stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of C$28.11, for a total value of C$281,053.00. 10.37% of the stock is currently owned by insiders.

Ero Copper Trading Up 2.4 %

Ero Copper stock opened at C$25.39 on Thursday. The firm has a 50-day moving average of C$27.79 and a 200-day moving average of C$27.37. Ero Copper has a one year low of C$15.72 and a one year high of C$32.89. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. The company has a market cap of C$2.62 billion, a price-to-earnings ratio of -97.27, a P/E/G ratio of -0.72 and a beta of 1.98.

Ero Copper (TSE:ERO) last posted its quarterly earnings data 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. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. The company had revenue of C$160.22 million during the quarter, compared to the consensus estimate of C$154.50 million. On average, equities analysts expect that Ero Copper will post 4.7328244 earnings per share for the current fiscal year.

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.