Ero Copper Corp. (TSE:ERO) Director Sells C$281,053.00 in Stock

Ero Copper Corp. (TSE:ERO) Director Lyle Braaten sold 10,000 shares of the firm’s 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.

Lyle Braaten also recently made the following trade(s):

• On Monday, May 13th, Lyle Braaten sold 5,000 shares of Ero Copper stock. The stock was sold at an average price of C$29.45, for a total value of C$147,232.50.
• On Friday, May 10th, Lyle Braaten sold 1,208 shares of Ero Copper stock. The shares were sold at an average price of C$29.69, for a total transaction of C$35,865.52.

Ero Copper Stock Performance

Ero Copper stock opened at C$28.14 on Monday. The company has a debt-to-equity ratio of 62.41, a current ratio of 0.82 and a quick ratio of 1.43. Ero Copper Corp. has a 12 month low of C$15.72 and a 12 month high of C$32.89. The company has a fifty day moving average price of C$28.74 and a two-hundred day moving average price of C$24.79. The company has a market cap of C$2.90 billion, a PE ratio of 31.62, a P/E/G ratio of -0.72 and a beta of 2.12.

Ero Copper (TSE:ERO) last posted its quarterly earnings results 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. 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 net margin of 14.23% and a return on equity of 9.21%. Research analysts expect that Ero Copper Corp. will post 2.2548878 earnings per share for the current year.

Wall Street Analyst Weigh In

ERO has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered their price target on shares of Ero Copper from C$30.00 to C$29.00 in a report on Thursday, June 6th. Ventum Financial lowered Ero Copper from a “buy” rating to a “neutral” rating and lifted their target price for the stock from C$31.50 to C$33.00 in a research report on Tuesday, May 28th. National Bankshares reduced their price target on Ero Copper from C$33.50 to C$32.50 and set a “sector perform” rating for the company in a report on Monday, June 10th. CIBC upgraded Ero Copper from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$32.00 to C$36.00 in a report on Thursday. Finally, TD Securities upped their target price 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. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ero Copper currently has an average rating of “Hold” and an average target price of C$31.85.

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.