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

Shares of Ero Copper Corp. (TSE:ERO) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$33.77.

A number of brokerages recently commented on ERO. TD Securities dropped their price target on shares of Ero Copper from C$31.00 to C$30.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. CIBC upgraded shares of Ero Copper from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$32.00 to C$36.00 in a research note on Thursday, June 20th. BMO Capital Markets increased their target price on shares of Ero Copper from C$41.00 to C$43.00 in a research note on Tuesday, July 23rd. Ventum Financial lowered their target price on shares of Ero Copper from C$33.00 to C$32.50 in a research note on Thursday, August 22nd. Finally, Eight Capital increased their target price on shares of Ero Copper from C$30.00 to C$40.00 in a research note on Thursday, July 11th.

Insider Activity at Ero Copper

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

Ero Copper Stock Performance

Shares of ERO stock opened at C$26.15 on Thursday. The stock has a market capitalization of C$2.70 billion, a P/E ratio of -100.58, 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 82.63. The firm’s 50 day moving average is C$27.56 and its 200 day moving average is C$27.42. Ero Copper has a 12 month low of C$15.72 and a 12 month high of C$32.89.

Ero Copper (TSE:ERO) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.25 EPS for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.02. The company had revenue of C$160.22 million for the quarter, compared to analysts’ expectations of C$154.50 million. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. On average, sell-side analysts anticipate that Ero Copper will post 4.7328244 earnings per share for the current 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.