Ero Copper Corp. (TSE:ERO – Get Free Report) has been assigned a consensus rating of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$32.15.
Several analysts have recently issued reports on ERO shares. Ventum Financial cut shares of Ero Copper from a “buy” rating to a “neutral” rating and boosted their price objective for the company from C$31.50 to C$33.00 in a research note on Tuesday, May 28th. Jefferies Financial Group lowered their price objective on shares of Ero Copper from C$30.00 to C$29.00 in a research note on Thursday, June 6th. National Bankshares decreased their price target on shares of Ero Copper from C$33.50 to C$32.50 and set a “sector perform” rating for the company in a research report on Monday, June 10th. Pi Financial upgraded Ero Copper from a “neutral” rating to a “buy” rating in a report on Thursday, April 18th. Finally, BMO Capital Markets upgraded Ero Copper from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$37.00 to C$41.00 in a report on Wednesday.
Read Our Latest Analysis on ERO
Ero Copper Trading Down 1.9 %
Ero Copper (TSE:ERO – Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.22 earnings per share for the quarter, beating the consensus estimate of C$0.07 by C$0.15. Ero Copper had a return on equity of 9.21% and a net margin of 14.23%. The company had revenue of C$142.63 million during the quarter, compared to the consensus estimate of C$141.98 million. As a group, analysts forecast that Ero Copper will post 2.2548878 EPS for the current year.
Insider Activity
In other news, Director Lyle Braaten sold 1,208 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$29.69, for a total transaction of C$35,865.52. Insiders sold 16,208 shares of company stock worth $464,151 over the last ninety days. Corporate insiders own 10.93% of the company’s stock.
About Ero Copper
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.
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