Ero Copper Corp. (IS: ERO – Get a rating) was assigned a consensus “Buy” recommendation by the twelve brokerages that currently cover the stock, Market Beat Ratings reports. Two research analysts gave the stock a hold rating and six gave the company a buy rating. The 12-month average target price among analysts who have updated their coverage of the stock in the past year is C$26.25.

A number of research companies have recently commented on the ERO. Barclays upgraded Ero Copper from an “equal weight” rating to an “overweight” rating and reduced its price target for the stock from C$23.00 to C$21.00 in a research note from the Thursday, February 3. BMO Capital Markets cut its price target on Ero Copper from CA$30.00 to CA$29.00 and set a “market performance” rating on the stock in a Wednesday, Jan. 12 research note. Canaccord Genuity Group cut its price target on Ero Copper from CA$28.00 to CA$23.50 and placed a “buy” rating on the stock in a Monday, Jan. 10 research note. CIBC raised its price target on Ero Copper from CA$22.00 to CA$23.00 in a Wednesday, March 9 research note. Finally, Scotiabank raised its target price on Ero Copper from C$24.00 to C$27.00 in a report released on Wednesday.

Ero Copper Stock opened at C$20.25 on Wednesday. The stock’s 50-day moving average is C$18.38 and its 200-day moving average is C$19.74. The company has a debt ratio of 16.78, a current ratio of 1.70 and a quick ratio of 1.43. The company has a market capitalization of C$1.83 billion and a P/E ratio of 7.29. Ero Copper has a 1-year low of C$15.01 and a 1-year high of C$29.76.

Ero Copper Company Profile (Get a rating)

Ero Copper Corp., a base metal mining company, is engaged in the exploration, development and production of mining projects in Brazil. It is engaged in the production and sale of copper concentrate from the MCSA mining complex located in the Curaçá Valley in the northeast of the state of Bahia, as well as gold by-products and money.

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