Shares of Ero Copper Corp. (TSE:ERO) have earned an average rating of “Buy” from the nine research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$24.75.
Several research analysts have recently issued reports on the stock. CIBC restated an “outperform” rating on shares of Ero Copper in a report on Wednesday, March 3rd. Raymond James raised their target price on shares of Ero Copper from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Tuesday. BMO Capital Markets raised their target price on shares of Ero Copper from C$23.00 to C$24.00 in a report on Tuesday, February 23rd. Cormark raised their target price on shares of Ero Copper from C$25.00 to C$27.50 and gave the stock a “strong-buy” rating in a report on Friday, March 19th. Finally, TD Securities lifted their price target on shares of Ero Copper from C$22.00 to C$23.00 in a report on Wednesday, December 16th.
Shares of Ero Copper stock traded up C$0.63 on Friday, hitting C$22.58. The stock had a trading volume of 109,314 shares, compared to its average volume of 257,179. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 79.34. Ero Copper has a one year low of C$11.44 and a one year high of C$25.14. The stock has a market cap of C$1.98 billion and a price-to-earnings ratio of 39.20. The stock’s 50-day simple moving average is C$22.77 and its two-hundred day simple moving average is C$20.63.
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 deposits. Its principal property is the Vale do CuraÃ§Ã¡ property covering an area of approximately 153,741 hectares located in the northeastern Bahia State, Brazil.
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