Ero Copper (TSE:ERO – Get Free Report) had its price objective boosted by equities researchers at Canaccord Genuity Group from C$36.00 to C$39.00 in a report released on Monday, BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 45.25% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Pi Financial raised shares of Ero Copper from a “neutral” rating to a “buy” rating in a research report on Thursday, April 18th. TD Securities lifted their target price on shares of Ero Copper from C$30.00 to C$31.00 in a report on Monday. BMO Capital Markets raised shares of Ero Copper from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$37.00 to C$41.00 in a report on Wednesday, June 26th. Ventum Cap Mkts downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 28th. Finally, Ventum Financial downgraded shares of 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 report on Tuesday, May 28th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$33.88.
Check Out Our Latest Research Report on ERO
Ero Copper Stock Performance
Ero Copper (TSE:ERO – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$0.22 EPS for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.15. Ero Copper had a net margin of 14.23% and a return on equity of 9.21%. The company had revenue of C$142.63 million during the quarter, compared to the consensus estimate of C$141.98 million. As a group, sell-side analysts anticipate that Ero Copper will post 2.2548878 EPS for the current year.
Insider Activity
In other news, Director Lyle Braaten sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of C$28.11, for a total value of C$281,053.00. In the last ninety days, insiders sold 16,208 shares of company stock worth $464,151. 10.93% of the stock is currently owned by corporate insiders.
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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