(ERO) Ero Copper - Ratings and Ratios

Ero Copper Corp is a mining company that focuses on copper production, with its primary asset being the Caraíba operations in northeastern Brazil, which generates copper concentrates and precious metal by-products like gold and silver. The companys operational footprint is centered in Brazil, while its corporate headquarters is located in Vancouver, Canada, having been incorporated in 2016.

From a market perspective, Ero Copper Corp is listed on the NYSE under the ticker symbol ERO, categorizing it as a copper-focused common stock originating from Canada. The copper industry is a critical component of the global economy, with applications across various sectors including infrastructure, technology, and renewable energy.

Analyzing Ero Copper Corps recent market performance, we observe that its stock price is currently at $15.03. The stock has shown signs of upward momentum, as indicated by its position above the 20-day Simple Moving Average (SMA) of $14.66 and significantly above the 50-day SMA of $13.05. However, it is slightly below the 200-day SMA of $15.29, suggesting a potential resistance level. The Average True Range (ATR) stands at $0.56, equivalent to a 3.73% daily volatility, indicating moderate daily price swings.

Considering Ero Copper Corps fundamental data, the company has a market capitalization of $1.461 billion USD, with a price-to-earnings (P/E) ratio of 78.39 and a forward P/E of 6.37. The significant disparity between the current and forward P/E ratios suggests that the market expects a substantial increase in earnings in the future. The Return on Equity (RoE) is 2.83%, indicating the companys profitability relative to shareholder equity.

Forecasting Ero Copper Corps future performance involves integrating both technical and fundamental analyses. Given the stocks current price and its relation to various SMAs, a potential short-term target could be to surpass the 200-day SMA and stabilize above it, potentially aiming for the 52-week high of $23.11 if the upward trend continues. From a fundamental standpoint, the anticipated increase in earnings, as suggested by the forward P/E ratio, could drive the stock price upwards. Therefore, a forecast based on both technical indicators and fundamental data suggests a potential for growth, with a target price that could be significantly higher than the current level, provided the company meets its expected earnings growth and copper prices remain favorable.