Raymond James upgraded shares of Ero Copper (TSE:ERO – Free Report) from a market perform rating to an outperform rating in a research report released on Tuesday morning, BayStreet.CA reports. They currently have C$36.00 target price on the stock, up from their previous target price of C$34.00.
A number of other analysts have also recently weighed in on the stock. CIBC upgraded shares of Ero Copper from a neutral rating to an outperform rating and raised their price target for the company from C$32.00 to C$36.00 in a report on Thursday, June 20th. Ventum Financial reduced their price target on Ero Copper from C$33.00 to C$32.50 in a research report on Thursday, August 22nd. TD Securities dropped their price target on shares of Ero Copper from C$31.00 to C$30.00 and set a hold rating on the stock in a research note on Tuesday, August 6th. Scotiabank decreased their target price on shares of Ero Copper from C$40.00 to C$36.00 in a report on Monday, August 19th. Finally, Cormark raised their target price on Ero Copper from C$30.00 to C$32.50 in a report on Friday, May 10th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of C$33.77.
View Our Latest Stock Analysis on Ero Copper
Ero Copper Stock Performance
Ero Copper (TSE:ERO – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.02. The company had revenue of C$160.22 million for the quarter, compared to the consensus estimate of C$154.50 million. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%.
Insider Buying and Selling
In other news, Director Lyle Braaten sold 10,000 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$28.11, for a total value of C$281,053.00. 10.37% of the stock is currently owned by corporate insiders.
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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