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

Shares of Ero Copper Corp. (TSE:ERO) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$42.58.

A number of research analysts have commented on ERO shares. Jefferies Financial Group reduced their target price on Ero Copper from C$45.00 to C$38.00 in a report on Friday, February 6th. Bank of America lowered Ero Copper from a “buy” rating to a “neutral” rating and dropped their price target for the company from C$49.00 to C$45.00 in a research report on Monday, February 9th. ATB Cormark Capital Markets lifted their price objective on shares of Ero Copper from C$37.00 to C$50.00 and gave the stock a “moderate buy” rating in a report on Friday, February 6th. Desjardins boosted their target price on shares of Ero Copper from C$37.50 to C$45.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Finally, Freedom Capital raised shares of Ero Copper to a “strong-buy” rating in a report on Tuesday, December 30th.

Insider Transactions at Ero Copper

In other Ero Copper news, Director John H. Wright sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of C$52.11, for a total value of C$781,650.00. Following the transaction, the director owned 377,832 shares of the company’s stock, valued at C$19,688,825.52. This trade represents a 3.82% decrease in their ownership of the stock. 10.37% of the stock is owned by corporate insiders.

Ero Copper Price Performance

ERO opened at C$41.20 on Thursday. The company has a market capitalization of C$4.28 billion, a P/E ratio of 30.98, a PEG ratio of -0.72 and a beta of 1.99. The company has a 50-day moving average of C$41.23 and a 200-day moving average of C$31.86. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a 1-year low of C$13.17 and a 1-year high of C$53.69.

About Ero Copper