Analysts Set Ero Copper Corp. (TSE:ERO) Target Price at C$27.29

Ero Copper Corp. (TSE:ERO) has received a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$27.29.

Several equities research analysts have issued reports on the stock. Scotiabank raised their price objective on shares of Ero Copper from C$24.00 to C$26.00 in a research report on Monday, June 16th. Stifel Canada raised shares of Ero Copper to a “strong-buy” rating in a report on Tuesday, July 8th. National Bankshares cut shares of Ero Copper from an “outperform” rating to a “sector perform” rating and set a C$24.50 target price on the stock. in a report on Wednesday, July 9th. Raymond James Financial raised shares of Ero Copper to a “moderate buy” rating in a report on Monday, June 30th. Finally, Stifel Nicolaus lowered their target price on shares of Ero Copper from C$29.00 to C$26.00 and set a “buy” rating on the stock in a report on Tuesday, August 5th.

Ero Copper Trading Up 0.9%

Shares of ERO stock opened at C$23.35 on Monday. The firm has a 50 day moving average price of C$20.13 and a two-hundred day moving average price of C$19.29. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The company has a market capitalization of C$2.42 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of -0.72 and a beta of 0.87. Ero Copper has a 12-month low of C$13.17 and a 12-month high of C$31.56.

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.