Key Points
- Director John Wright sold 15,000 shares on Jan. 29 at C$52.11 for C$781,650, reducing his holding by 3.82% to 377,832 shares (≈C$19.69M).
- Stock is down 10.8% and opened at C$45.68; the company has a market cap of C$4.75B and a 52‑week range of C$13.17–C$53.69 (50/200‑day SMAs: C$38.87/C$29.74).
- Analysts hold a consensus rating of "Moderate Buy" with an average target of C$40.30, reflecting a mix of 3 Strong Buy, 3 Buy and 8 Hold ratings and several recent target increases.
Ero Copper Corp. (TSE:ERO - Get Free Report) Director John Wright sold 15,000 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of C$52.11, for a total value of C$781,650.00. Following the sale, the director owned 377,832 shares in the company, valued at approximately C$19,688,825.52. This trade represents a 3.82% decrease in their position.
Ero Copper Stock Down 10.8%
ERO opened at C$45.68 on Monday. The firm has a market cap of C$4.75 billion, a P/E ratio of 34.35, a PEG ratio of -0.72 and a beta of 1.97. The business's fifty day simple moving average is C$38.87 and its 200 day simple moving average is C$29.74. Ero Copper Corp. has a 52 week low of C$13.17 and a 52 week high of C$53.69. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17.
Ero Copper (TSE:ERO - Get Free Report) last released its earnings results on Tuesday, November 4th. The company reported C$0.27 earnings per share (EPS) for the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. The company had revenue of C$246.59 million for the quarter. As a group, equities research analysts anticipate that Ero Copper Corp. will post 4.7442244 EPS for the current fiscal year.
Analyst Ratings Changes
Several research firms have commented on ERO. Freedom Capital raised shares of Ero Copper to a "strong-buy" rating in a research note on Tuesday, December 30th. TD Securities lifted their price objective on Ero Copper from C$33.00 to C$45.00 in a research report on Thursday, January 22nd. Cibc World Mkts downgraded Ero Copper from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 9th. Canaccord Genuity Group raised Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 14th. Finally, Raymond James Financial upped their price objective on shares of Ero Copper from C$33.00 to C$40.00 and gave the company an "outperform" rating in a research note on Tuesday, December 2nd. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$40.30.
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