Ventum Cap Mkts upgraded shares of Ero Copper (TSE:ERO – Free Report) from a hold rating to a strong-buy rating in a report released on Monday morning, Zacks.com reports.
Several other research firms have also recently weighed in on ERO. TD Securities boosted their price target on shares of Ero Copper from C$30.00 to C$31.00 in a report on Monday. National Bankshares lifted their price objective on shares of Ero Copper from C$32.50 to C$33.00 and gave the stock a sector perform rating in a research report on Monday, July 15th. Pi Financial raised shares of Ero Copper from a neutral rating to a buy rating in a research report on Thursday, April 18th. BMO Capital Markets boosted their price target on shares of Ero Copper from C$41.00 to C$43.00 in a research report on Tuesday. Finally, CIBC raised shares of Ero Copper from a neutral rating to an outperform rating and upped their target price for the stock from C$32.00 to C$36.00 in a report on Thursday, June 20th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of C$34.04.
View Our Latest Stock Report on ERO
Ero Copper Stock Down 2.5 %
Ero Copper (TSE:ERO – Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.15. The firm had revenue of C$142.63 million during the quarter, compared to analysts’ expectations of C$141.98 million. Ero Copper had a net margin of 14.23% and a return on equity of 9.21%. On average, equities research analysts forecast that Ero Copper will post 2.2548878 EPS for the current fiscal year.
Insider Activity
In other news, Director Lyle Braaten sold 1,208 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$29.69, for a total value of C$35,865.52. In the last 90 days, insiders sold 16,208 shares of company stock valued at $464,151. Corporate insiders own 10.93% of the company’s stock.
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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