(ERO) Ero Copper - Ratings and Ratios

Ero Copper Corp is a Canadian mining company focused on copper production, with its primary asset being the Caraíba operations in northeastern Brazil, which generates revenue from copper concentrates, as well as gold and silver by-products. The companys operations are centered in the Bahia State, a region known for its rich mineral deposits. With its headquarters in Vancouver, Canada, Ero Copper Corp was established in 2016 and has since positioned itself as a significant player in the copper mining industry.

Analyzing the companys stock performance, we observe that Ero Copper Corps shares have demonstrated a strong upward trend, with the current price of $21.28 CAD. The stock is trading above its 20-day Simple Moving Average (SMA) of $20.14, indicating a positive short-term momentum. Furthermore, the stocks 50-day SMA stands at $18.03, suggesting a significant uptrend over the past few months. However, the stock is slightly below its 200-day SMA of $21.33, which may indicate a potential resistance level. The Average True Range (ATR) of 0.72, equivalent to 3.38%, suggests moderate volatility.

From a fundamental perspective, Ero Copper Corp has a market capitalization of $2007.23M CAD, with a price-to-earnings (P/E) ratio of 77.52, indicating a relatively high valuation compared to its current earnings. However, the forward P/E ratio is significantly lower at 6.31, suggesting that the market expects substantial earnings growth in the future. The companys Return on Equity (RoE) stands at 2.83%, which, while not exceptional, is a positive indicator given the industrys capital-intensive nature.

Using a combination of technical and fundamental analysis, we can forecast that Ero Copper Corps stock may continue to experience an upward trend, driven by the companys strong operational performance and favorable copper price outlook. If the stock can break through the $21.33 resistance level, it may be poised for further gains, potentially targeting the 52-week high of $31.25. Conversely, a decline below the $20.14 support level could signal a correction, potentially testing the $18.03 level. Overall, Ero Copper Corps stock appears to be in a bullish trend, with potential for further growth driven by the companys solid fundamentals and technical indicators.