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

Shares of Ero Copper Corp. (TSE:ERO) have earned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$44.54.

A number of research analysts recently issued reports on ERO shares. Raymond James Financial lowered shares of Ero Copper from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$49.00 to C$45.00 in a report on Monday, February 9th. ATB Cormark Capital Markets boosted their target price 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. Bank of America cut shares of Ero Copper from a “buy” rating to a “neutral” rating and decreased their price target for the company from C$49.00 to C$45.00 in a research report on Monday, February 9th. Canadian Imperial Bank of Commerce raised their price target on shares of Ero Copper from C$42.00 to C$52.00 in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group cut their price target on shares of Ero Copper from C$45.00 to C$38.00 in a report on Friday, February 6th.

Insider Buying and Selling

In other Ero Copper news, Director John H. Wright sold 15,000 shares of Ero Copper stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of C$52.11, for a total transaction of C$781,650.00. Following the transaction, the director directly owned 377,832 shares of the company’s stock, valued at approximately C$19,688,825.52. The trade was a 3.82% decrease in their position. Insiders own 10.37% of the company’s stock.

Ero Copper Price Performance

Ero Copper stock opened at C$35.86 on Monday. The stock has a 50-day moving average price of C$42.81 and a two-hundred day moving average price of C$34.62. Ero Copper has a 12 month low of C$13.17 and a 12 month high of C$53.69. The company has a market capitalization of C$3.73 billion, a PE ratio of 26.96, a P/E/G ratio of -0.72 and a beta of 1.66. The company has a current ratio of 1.06, a quick ratio of 1.43 and a debt-to-equity ratio of 67.59.

About Ero Copper

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.