Ero Copper (TSE:ERO) Director Sells C$418,000.00 in Stock

Ero Copper Corp. (TSE:ERO) Director Lyle Braaten sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of C$41.80, for a total transaction of C$418,000.00. Following the sale, the director owned 200,000 shares in the company, valued at approximately C$8,360,000. The trade was a 4.76% decrease in their position.

Ero Copper Trading Down 3.3%

TSE:ERO opened at C$41.09 on Friday. The company’s 50 day moving average price is C$38.05 and its 200-day moving average price is C$38.10. Ero Copper Corp. has a 52 week low of C$17.66 and a 52 week high of C$53.69. The company has a quick ratio of 1.43, a current ratio of 1.30 and a debt-to-equity ratio of 54.96. The stock has a market cap of C$4.28 billion, a price-to-earnings ratio of 14.68, a PEG ratio of -0.72 and a beta of 1.93.

Ero Copper (TSE:ERO) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$1.43 EPS for the quarter. Ero Copper had a net margin of 31.55% and a return on equity of 31.19%. The firm had revenue of C$430.18 million for the quarter. On average, equities research analysts forecast that Ero Copper Corp. will post 4.7442244 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group raised their target price on shares of Ero Copper from C$48.00 to C$52.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. BMO Capital Markets raised their target price on shares of Ero Copper from C$42.00 to C$48.00 in a report on Wednesday, April 22nd. The Goldman Sachs Group cut shares of Ero Copper from a “buy” rating to a “hold” rating and set a C$31.00 target price on the stock. in a report on Monday, April 13th. ATB Cormark Capital Markets raised their target price on shares of Ero Copper from C$37.00 to C$50.00 and gave the stock a “moderate buy” rating in a report on Friday, February 6th. Finally, Desjardins raised their target price on shares of Ero Copper from C$37.50 to C$45.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$45.00.

Ero Copper Company Profile

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.