Ero Copper (TSE:ERO) Upgraded by Atb Cormark Cm to “Moderate Buy” Rating

Atb Cormark Cm upgraded shares of Ero Copper (TSE:ERO) to a moderate buy rating in a report issued on Friday,Zacks.com reports.

ERO has been the subject of several other research reports. TD Securities boosted their price objective on shares of Ero Copper from C$33.00 to C$45.00 in a research note on Thursday, January 22nd. Jefferies Financial Group reduced their price target on Ero Copper from C$45.00 to C$38.00 in a research report on Friday. Stifel Nicolaus lowered Ero Copper from a “buy” rating to a “hold” rating and upped their target price for the company from C$26.00 to C$37.00 in a research report on Tuesday, October 21st. Canaccord Genuity Group upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Finally, Scotiabank raised their price target on shares of Ero Copper from C$36.00 to C$45.00 in a research note on Thursday, January 8th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$41.91.

Ero Copper Trading Down 3.1%

ERO stock opened at C$41.82 on Friday. Ero Copper has a twelve month low of C$13.17 and a twelve month 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. The firm’s fifty day simple moving average is C$40.10 and its two-hundred day simple moving average is C$30.51. The stock has a market capitalization of C$4.34 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of -0.72 and a beta of 1.99.

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

Insider Activity at Ero Copper

In other news, Director John H. Wright sold 15,000 shares of Ero Copper stock in a transaction on Thursday, January 29th. The stock was sold at an average price of C$52.11, for a total value of C$781,650.00. Following the completion of the sale, the director directly owned 377,832 shares of the company’s stock, valued at approximately C$19,688,825.52. The trade was a 3.82% decrease in their ownership of the stock. 10.37% of the stock is currently owned by corporate insiders.

About Ero Copper