Ero Copper (TSE:ERO) Stock Rating Lowered by Bank of America

Ero Copper (TSE:ERO) was downgraded by equities researchers at Bank of America from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. They presently have a C$45.00 price objective on the stock, down from their prior price objective of C$49.00. Bank of America‘s target price points to a potential upside of 4.72% from the company’s previous close.

Several other equities research analysts also recently weighed in on ERO. National Bankshares increased their price objective on Ero Copper from C$43.00 to C$56.00 in a report on Thursday, January 29th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Ero Copper from C$42.00 to C$52.00 in a report on Wednesday, February 4th. ATB Capital increased their target price on Ero Copper from C$37.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Friday. Desjardins upped their price objective on shares of Ero Copper from C$37.50 to C$45.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Finally, Atb Cormark Cm upgraded Ero Copper to a “moderate buy” rating in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$42.58.

Ero Copper Trading Up 2.7%

Shares of ERO traded up C$1.15 during trading hours on Monday, hitting C$42.97. The company had a trading volume of 339,907 shares, compared to its average volume of 597,210. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. Ero Copper has a 52-week low of C$13.17 and a 52-week high of C$53.69. The stock’s 50 day moving average price is C$40.10 and its 200 day moving average price is C$30.66. The firm has a market cap of C$4.46 billion, a P/E ratio of 32.31, a P/E/G ratio of -0.72 and a beta of 1.99.

Ero Copper (TSE:ERO) last announced its quarterly earnings data on Tuesday, November 4th. The company reported C$0.27 earnings per share (EPS) for the quarter. The company 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%. On average, research analysts predict that Ero Copper will post 4.7442244 EPS for the current year.

Insider Buying and Selling at Ero Copper

In other Ero Copper news, Director John H. Wright sold 15,000 shares of the company’s 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 transaction, the director owned 377,832 shares in the company, 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