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

Ero Copper Corp (TSE:ERO) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$20.66.

Several research firms have recently issued reports on ERO. National Bank Financial lifted their price objective on shares of Ero Copper from C$18.00 to C$19.75 and gave the stock a “sector perform” rating in a research report on Monday, November 18th. Raymond James set a C$22.00 price target on Ero Copper and gave the company an “outperform” rating in a research note on Monday, November 18th. Canaccord Genuity decreased their price target on Ero Copper from C$24.50 to C$23.00 in a report on Monday, November 18th. TD Securities lifted their price target on Ero Copper from C$18.50 to C$20.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Finally, Pi Financial set a C$18.00 price objective on Ero Copper and gave the stock a “neutral” rating in a research report on Wednesday.

Shares of Ero Copper stock traded down C$0.34 on Wednesday, reaching C$20.90. 198,751 shares of the company were exchanged, compared to its average volume of 226,664. The stock’s 50 day moving average price is C$18.48 and its 200-day moving average price is C$20.01. The company has a debt-to-equity ratio of 110.58, a current ratio of 1.09 and a quick ratio of 0.47. Ero Copper has a 1-year low of C$9.38 and a 1-year high of C$25.69. The company has a market cap of $1.75 billion and a P/E ratio of 32.75.

Ero Copper (TSE:ERO) last issued its earnings results on Tuesday, November 5th. The company reported C$0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.20 by C($0.05). The company had revenue of C$80.57 million for the quarter, compared to analysts’ expectations of C$95.76 million. On average, research analysts predict that Ero Copper will post 1.1 earnings per share for the current fiscal year.

In other news, Senior Officer Jonathan Nayan Singh sold 2,333 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$21.50, for a total value of C$50,159.50. Following the completion of the sale, the insider now directly owns 75,000 shares of the company’s stock, valued at approximately C$1,612,500.

About Ero Copper

Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. The company also explores for gold and silver ores. Its principal property is the Vale do Curaçá Property located in the northeastern Bahia State, Brazil. The company also holds interests in the Boa Esperança Property located in the municipality of Tucumã, Pará State; and NX Gold Mine, which is located in the eastern portion of the State of Mato Grosso.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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