Insider Selling: Ero Copper Corp. (TSE:ERO) Director Sells 10,000 Shares of Stock

Ero Copper Corp. (TSE:ERO) Director Chantal Gosselin sold 10,000 shares of the stock in a transaction dated Thursday, November 28th. The stock was sold at an average price of C$21.17, for a total value of C$211,700.00.

Ero Copper Price Performance

Shares of TSE ERO opened at C$21.12 on Friday. Ero Copper Corp. has a fifty-two week low of C$16.28 and a fifty-two week high of C$32.89. The stock has a market cap of C$2.18 billion, a price-to-earnings ratio of -81.23, a PEG ratio of -0.72 and a beta of 1.98. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68. The firm’s 50-day simple moving average is C$26.11 and its 200 day simple moving average is C$27.54.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ERO shares. TD Securities decreased their price target on Ero Copper from C$30.00 to C$27.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Jefferies Financial Group reduced their target price on Ero Copper from C$35.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Ventum Financial reduced their target price on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Raymond James upgraded Ero Copper from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$34.00 to C$36.00 in a research note on Tuesday, September 3rd. Finally, National Bankshares reduced their target price on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$33.67.

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.