Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Ero Copper Corp before investing.

In this article, we go over a few key elements for understanding Ero Copper Corp’s stock price such as:

• Ero Copper Corp’s current stock price and volume
• Why Ero Copper Corp’s stock price changed recently
• Upgrades and downgrades for ERO from analysts
• ERO’s stock price momentum as measured by its relative strength

About Ero Copper Corp (ERO)

Before we jump into Ero Copper Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Ero Copper Corp is a Canada-based clean copper producer with operations in Brazil. The Company's primary asset is a 99.6% interest in the Brazilian copper mining company, Mineracao Caraiba S.A., 100% owner of the Caraiba Operations, which is comprised of the operations located in the Curaca Valley, Bahia State, Brazil. The Company’s operations include Caraiba Operations, Tucuma Project and Xavantina Operations. The Caraiba Operations are located in northeastern Bahia State, Brazil, approximately 385 kilometers north-northwest of the capital city of Salvador, which include the Pilar and Vermelhos underground mines and the Surubim open pit mine. The Company open pit mine, and the Boa Esperana development project (Tucuma Project), an IOCG-type copper project located in Para, Brazil. It also owns 97.6% of NX Gold S.A. (NX Gold) which owns the Xavantina Operations, an operating gold and silver mine located in Mato Grosso, Brazil and approximately 670 km east of the capital city of Cuiaba.

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Ero Copper Corp’s Stock Price as of Market Close

As of September 24, 2024, 4:00 PM, CST, Ero Copper Corp’s stock price was $22.63.

Ero Copper Corp is up 6.34% from its previous closing price of $21.28.

During the last market session, Ero Copper Corp’s stock traded between $21.10 and $21.77. Currently, there are 103.08 million shares of Ero Copper Corp stock available for purchase.

Unfortunately, Ero Copper Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Ero Copper Corp Stock Price History

Ero Copper Corp’s (ERO) price is currently up 10.12% so far this month.

During the month of September, Ero Copper Corp’s stock price has reached a high of $22.82 and a low of $18.19.

Over the last year, Ero Copper Corp has hit prices as high as $24.34 and as low as $11.35. Year to date, Ero Copper Corp’s stock is up 64.58%.

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What Caused Ero Copper Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 23, 2024, there were 2 analysts who downgraded Ero Copper Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Ero Copper Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Ero Copper Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Ero Copper Corp’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Ero Copper Corp (ERO) by visiting AAII Stock Evaluator.

Relative Price Strength of Ero Copper Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 23, 2024, Ero Copper Corp has a weighted four-quarter relative price strength of -2.25%, which translates to a Momentum Score of 55 and is considered to be Average.

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Ero Copper Corp Stock Price: Bottom Line

As of September 24, 2024, Ero Copper Corp’s stock price is $22.63, which is up 6.34% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Ero Copper Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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