Ero Copper Corp. (TSE:ERO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Ero Copper Corp. (TSE:ERO) have received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$45.71.

A number of research analysts have recently commented on ERO shares. TD increased their price target on Ero Copper from C$45.00 to C$47.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Scotiabank increased their price target on Ero Copper from C$50.00 to C$55.00 and gave the company a “sector outperform” rating in a research note on Monday, June 15th. National Bank Financial upgraded Ero Copper from a “hold” rating to a “strong-buy” rating and set a C$50.00 price target for the company in a research note on Tuesday, May 5th. BMO Capital Markets increased their price target on Ero Copper from C$42.00 to C$48.00 in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group cut Ero Copper from a “buy” rating to a “hold” rating and set a C$31.00 price target for the company. in a research note on Monday, April 13th.

Ero Copper Stock Down 8.5%

TSE ERO opened at C$39.40 on Wednesday. The business has a fifty day moving average price of C$39.43 and a two-hundred day moving average price of C$39.81. The company has a debt-to-equity ratio of 54.96, a current ratio of 1.30 and a quick ratio of 1.43. Ero Copper has a fifty-two week low of C$17.66 and a fifty-two week high of C$53.69. The stock has a market capitalization of C$4.11 billion, a PE ratio of 14.07, a PEG ratio of -0.72 and a beta of 1.77.

Ero Copper (TSE:ERO) last released its earnings results on Thursday, March 5th. The company reported C$1.43 earnings per share for the quarter. Ero Copper had a return on equity of 31.19% and a net margin of 31.55%.The firm had revenue of C$430.18 million during the quarter. Equities analysts expect that Ero Copper will post 4.7442244 earnings per share for the current fiscal year.

Insider Activity at Ero Copper

In other news, Director Lyle Braaten sold 10,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$41.80, for a total value of C$418,000.00. Following the completion of the transaction, the director directly owned 200,000 shares in the company, valued at approximately C$8,360,000. This represents a 4.76% decrease in their position. Insiders own 10.37% of the company’s stock.

Ero Copper Company Profile

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.