Brokerages Set Ero Copper Corp. (TSE:ERO) Price Target at C$29.73

Ero Copper Corp. (TSE:ERO) has earned an average recommendation of “Buy” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$29.73.

Several analysts recently commented on ERO shares. Desjardins upgraded shares of Ero Copper to a “hold” rating in a research report on Thursday, April 3rd. Canaccord Genuity Group reduced their price target on shares of Ero Copper from C$26.50 to C$26.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Raymond James upped their price target on shares of Ero Copper from C$26.00 to C$28.00 in a research report on Friday, April 4th. National Bank Financial raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 6th. Finally, TD Securities boosted their price objective on shares of Ero Copper from C$20.00 to C$22.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th.

Ero Copper Trading Down 0.2%

TSE ERO opened at C$21.32 on Friday. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. Ero Copper has a 52 week low of C$13.17 and a 52 week high of C$31.73. The stock has a market capitalization of C$1.50 billion, a PE ratio of 93.27, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The firm has a 50 day moving average of C$17.89 and a two-hundred day moving average of C$18.84.

About Ero Copper

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero’s operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.