Ero Copper (TSE:ERO) Sets New 12-Month Low – What’s Next?

Ero Copper Corp. (TSE:ERO) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$17.68 and last traded at C$17.73, with a volume of 165415 shares changing hands. The stock had previously closed at C$18.41.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Canaccord Genuity Group dropped their target price on shares of Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Raymond James decreased their price target on shares of Ero Copper from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Scotiabank reduced their price objective on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Ventum Financial lowered their price objective on shares of Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Finally, Jefferies Financial Group cut their price target on shares of Ero Copper from C$33.00 to C$29.00 in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$30.38.

Ero Copper Price Performance

The stock has a market capitalization of C$1.21 billion, a price-to-earnings ratio of 75.77, a P/E/G ratio of -0.72 and a beta of 1.98. The company has a fifty day simple moving average of C$19.67 and a 200 day simple moving average of C$23.55. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68.

Insider Buying and Selling

In other Ero Copper news, Director Chantal Gosselin bought 10,000 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was purchased at an average cost of C$19.44 per share, with a total value of C$194,400.00. 10.37% of the stock is owned by company insiders.

Ero Copper Company Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.