Do Analysts Think Ero Copper Corp (ERO) Is Still Worth Buying In 2024?

Ero Copper Corp (NYSE:ERO) does about 304.07K shares in volume on a normal day but saw 219730 shares change hands in the recent trading day. The company now has a market cap of 2.12B USD. Its current market price is $20.55, marking an increase of 1.63% compared to the previous close of $20.22. The 52 week high reached by this stock is $24.34 whilst the lowest price level in 52 weeks is $11.35.

Ero Copper Corp (ERO) has a 20-day trading average at $19.88 and the current price is -15.57% off the 52-week high compared with 81.06% distance from its 52-week low. The 50-day simple moving average of the closing price is $20.44 and its 200-day simple moving average is $18.34. If we look at the stock’s price movements over the week, volatility stands at 3.15%, which increases to 3.87% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 52.33 to suggest the stock is neutral.

FactSet Research has provided data showing that 11 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 9 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Buy.

The current price level is 3.76%, 0.51%, and 12.32% away from its SMA20, SMA50, and SMA200 respectively, with the ERO price moving above the 50-day SMA on current market day. Ero Copper Corp (ERO) stock is down -3.79% over the week and 9.89% over the past month. Its price is 30.15% year-to-date and -4.46% over the past year.

The company has a return on investment of 4.99% and return on equity of 9.06%. The price to earnings ratio (P/E ratio) amounts to 31.90. The beta has a value of 1.79. Price to book ratio is 2.73 and price to sales ratio is 4.91.