BMO Capital Markets upgraded shares of Ero Copper (TSE:ERO – Free Report) from a market perform rating to an outperform rating in a research report released on Wednesday, MarketBeat.com reports. They currently have C$41.00 price target on the stock, up from their previous price target of C$37.00.
ERO has been the subject of several other research reports. Canaccord Genuity Group upped their target price on Ero Copper from C$34.00 to C$36.00 and gave the stock a buy rating in a research note on Monday, May 13th. Ventum Cap Mkts lowered Ero Copper from a strong-buy rating to a hold rating in a research note on Tuesday, May 28th. Eight Capital upped their target price on Ero Copper from C$23.50 to C$30.00 and gave the stock a neutral rating in a research note on Monday, April 22nd. TD Securities boosted their price objective on Ero Copper from C$24.00 to C$25.00 and gave the company a hold rating in a research report on Friday, March 8th. Finally, CIBC upgraded Ero Copper from a neutral rating to an outperform rating and boosted their price objective for the company from C$32.00 to C$36.00 in a research report on Thursday, June 20th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Ero Copper currently has an average rating of Hold and a consensus target price of C$32.15.
Check Out Our Latest Research Report on ERO
Ero Copper Stock Down 1.9 %
Ero Copper (TSE:ERO – Get Free Report) last issued its earnings results on Tuesday, May 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.07 by C$0.15. The business had revenue of C$142.63 million during the quarter, compared to analyst estimates of C$141.98 million. Ero Copper had a return on equity of 9.21% and a net margin of 14.23%. Sell-side analysts expect that Ero Copper will post 2.2548878 earnings per share for the current fiscal year.
Insider Activity at Ero Copper
In related news, Director Lyle Braaten sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of C$28.11, for a total transaction of C$281,053.00. Insiders sold a total of 16,208 shares of company stock worth $464,151 over the last quarter. 10.93% of the stock is owned by corporate insiders.
Ero Copper Company Profile
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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