Ero Copper (TSE:ERO) Director Sells C$781,650.00 in Stock

Ero Copper Corp. (TSE:ERO) Director John Wright sold 15,000 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of C$52.11, for a total transaction of C$781,650.00. Following the completion of the sale, the director directly owned 377,832 shares in the company, valued at approximately C$19,688,825.52. The trade was a 3.82% decrease in their ownership of the stock.

Ero Copper Price Performance

Shares of Ero Copper stock traded down C$5.53 during trading hours on Friday, reaching C$45.68. The stock had a trading volume of 590,750 shares, compared to its average volume of 572,480. Ero Copper Corp. has a twelve month low of C$13.17 and a twelve month high of C$53.69. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. The firm has a market capitalization of C$4.75 billion, a PE ratio of 34.35, a PEG ratio of -0.72 and a beta of 1.97. The stock’s 50 day moving average is C$38.87 and its 200 day moving average is C$29.67.

Ero Copper (TSE:ERO) last announced its earnings results on Tuesday, November 4th. The company reported C$0.27 earnings per share (EPS) 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 for the quarter. Equities analysts expect that Ero Copper Corp. will post 4.7442244 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ERO. Raymond James Financial lifted their target price on Ero Copper from C$33.00 to C$40.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. TD Securities lifted their price target on shares of Ero Copper from C$33.00 to C$45.00 in a research report on Thursday, January 22nd. National Bankshares upped their price objective on shares of Ero Copper from C$43.00 to C$56.00 in a report on Thursday. Freedom Capital upgraded shares of Ero Copper to a “strong-buy” rating in a report on Tuesday, December 30th. Finally, Canaccord Genuity Group raised Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Ero Copper currently has a consensus rating of “Moderate Buy” and a consensus price target of C$40.30.

Ero Copper Company Profile