Key Points
- Director Lyle Braaten sold 10,000 shares of Ero Copper on May 12 at an average price of C$41.80, totaling C$418,000. After the sale, he still owned 200,000 shares.
- Ero Copper’s stock was trading at C$43.74 on Wednesday, with a market cap of C$4.56 billion. The shares have ranged from C$17.66 to C$53.69 over the past 52 weeks.
- Analysts remain cautiously bullish on the stock, with a consensus rating of “Moderate Buy” and an average price target of C$45.00. Several firms recently raised targets, though Goldman Sachs downgraded the shares to Hold.
Ero Copper Corp. (TSE:ERO - Get Free Report) Director Lyle Braaten sold 10,000 shares of the company's stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$41.80, for a total transaction of C$418,000.00. Following the transaction, the director owned 200,000 shares of the company's stock, valued at C$8,360,000. This trade represents a 4.76% decrease in their ownership of the stock.
Ero Copper Stock Performance
TSE ERO opened at C$43.74 on Wednesday. The company has a market capitalization of C$4.56 billion, a price-to-earnings ratio of 15.62, a PEG ratio of -0.72 and a beta of 1.93. Ero Copper Corp. has a twelve month low of C$17.66 and a twelve month high of C$53.69. The stock has a fifty day simple moving average of C$38.13 and a 200 day simple moving average of C$37.92. The company has a quick ratio of 1.43, a current ratio of 1.30 and a debt-to-equity ratio of 54.96.
Ero Copper (TSE:ERO - Get Free Report) last posted its quarterly earnings data on Thursday, March 5th. The company reported C$1.43 earnings per share for the quarter. The business had revenue of C$430.18 million during the quarter. Ero Copper had a return on equity of 31.19% and a net margin of 31.55%. Sell-side analysts expect that Ero Copper Corp. will post 4.7442244 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on ERO shares. TD Securities increased their price objective on Ero Copper from C$33.00 to C$45.00 in a report on Thursday, January 22nd. ATB Cormark Capital Markets increased their price objective on Ero Copper from C$37.00 to C$50.00 and gave the company a "moderate buy" rating in a report on Friday, February 6th. BMO Capital Markets increased their price objective on Ero Copper from C$42.00 to C$48.00 in a report on Wednesday, April 22nd. Jefferies Financial Group decreased their price objective on Ero Copper from C$45.00 to C$38.00 in a report on Friday, February 6th. Finally, The Goldman Sachs Group downgraded Ero Copper from a "buy" rating to a "hold" rating and set a C$31.00 price target for the company. in a report on Monday, April 13th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, Ero Copper has an average rating of "Moderate Buy" and a consensus price target of C$45.00.
Read Our Latest Analysis on ERO
Ero Copper Company Profile
(
Get Free Report)
Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines - the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State - as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.
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