Ero Copper Corp. (TSE:ERO) Receives Average Rating of “Hold” from Analysts

Shares of Ero Copper Corp. (TSE:ERO) have received a consensus rating of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$34.04.

Several brokerages recently weighed in on ERO. Cormark increased their price target on Ero Copper from C$30.00 to C$32.50 in a report on Friday, May 10th. Ventum Cap Mkts downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 28th. CIBC upgraded shares of Ero Copper from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$32.00 to C$36.00 in a research report on Thursday, June 20th. Eight Capital lifted their price objective on Ero Copper from C$30.00 to C$40.00 in a report on Thursday, July 11th. Finally, Scotiabank raised Ero Copper from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$32.00 to C$40.00 in a research note on Thursday, May 30th.

Insider Buying and Selling at Ero Copper

In related news, Director Lyle Braaten sold 5,000 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of C$29.45, for a total transaction of C$147,232.50. Insiders have sold 16,208 shares of company stock valued at $464,151 over the last quarter. Corporate insiders own 10.93% of the company’s stock.

Ero Copper Trading Up 1.7 %

TSE ERO opened at C$27.04 on Wednesday. Ero Copper has a one year low of C$15.72 and a one year high of C$32.89. The firm has a market cap of C$2.78 billion, a PE ratio of 30.38, a P/E/G ratio of -0.72 and a beta of 2.12. The firm’s fifty day moving average is C$29.32 and its two-hundred day moving average is C$26.11. The company has a debt-to-equity ratio of 62.41, a quick ratio of 1.43 and a current ratio of 0.82.

Ero Copper (TSE:ERO) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$0.22 EPS 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 firm had revenue of C$142.63 million during the quarter, compared to the consensus estimate of C$141.98 million. Analysts expect that Ero Copper will post 2.2548878 earnings per share for the current year.

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.