Ero Copper (TSE:ERO) Raised to Moderate Buy at Atb Cormark Cm

Ero Copper (TSE:ERO) was upgraded by stock analysts at Atb Cormark Cm to a “moderate buy” rating in a note issued to investors on Friday,Zacks.com reports.

ERO has been the subject of several other research reports. Freedom Capital raised shares of Ero Copper to a “strong-buy” rating in a research report on Tuesday, December 30th. Desjardins boosted their price objective on shares of Ero Copper from C$37.50 to C$45.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. ATB Capital increased their target price on Ero Copper from C$37.00 to C$50.00 and gave the company an “outperform” rating in a research report on Friday. Ventum Cap Mkts raised Ero Copper to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, Stifel Nicolaus downgraded Ero Copper from a “buy” rating to a “hold” rating and raised their price objective for the company from C$26.00 to C$37.00 in a research report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ero Copper presently has an average rating of “Moderate Buy” and a consensus target price of C$41.91.

Ero Copper Price Performance

ERO opened at C$41.82 on Friday. The company has a market capitalization of C$4.34 billion, a price-to-earnings ratio of 31.44, a PEG ratio of -0.72 and a beta of 1.99. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. Ero Copper has a 12-month low of C$13.17 and a 12-month high of C$53.69. The business’s fifty day simple moving average is C$40.10 and its 200-day simple moving average is C$30.59.

Ero Copper (TSE:ERO) last released its quarterly earnings data on Tuesday, November 4th. The company reported C$0.27 earnings per share for the quarter. Ero Copper had a return on equity of 2.24% and a net margin of 3.45%.The firm had revenue of C$246.59 million during the quarter. On average, equities research analysts anticipate that Ero Copper will post 4.7442244 earnings per share for the current fiscal year.

Insider Transactions at Ero Copper

In related news, Director John H. Wright sold 15,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of C$52.11, for a total transaction of C$781,650.00. Following the transaction, the director directly owned 377,832 shares of the company’s stock, valued at C$19,688,825.52. This represents a 3.82% decrease in their position. 10.37% of the stock is owned by corporate insiders.

Ero Copper Company Profile