Ero Copper (TSE:ERO) Stock Rating Lowered by Raymond James Financial

Ero Copper (TSE:ERO) was downgraded by research analysts at Raymond James Financial from a “buy” rating to a “neutral” rating in a note issued to investors on Monday,BayStreet.CA reports. They currently have a C$45.00 target price on the stock, down from their prior target price of C$49.00. Raymond James Financial’s price objective points to a potential upside of 4.72% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Scotiabank boosted their target price on shares of Ero Copper from C$36.00 to C$45.00 in a report on Thursday, January 8th. Stifel Nicolaus downgraded Ero Copper from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$26.00 to C$37.00 in a research report on Tuesday, October 21st. Ventum Cap Mkts upgraded shares of Ero Copper to a “strong-buy” rating in a research report on Monday, November 3rd. Atb Cormark Cm raised Ero Copper to a “moderate buy” rating in a research note on Friday. Finally, Canadian Imperial Bank of Commerce lifted their price objective on Ero Copper from C$42.00 to C$52.00 in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ero Copper presently has a consensus rating of “Moderate Buy” and a consensus price target of C$42.58.

Ero Copper Stock Performance

ERO traded up C$1.15 during mid-day trading on Monday, reaching C$42.97. 339,907 shares of the company traded hands, 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 company’s fifty day moving average price is C$40.10 and its 200-day moving average price is C$30.66. The stock has a market capitalization 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 released its quarterly earnings data on Tuesday, November 4th. The company reported C$0.27 earnings per share for the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. The company had revenue of C$246.59 million during the quarter. On average, sell-side analysts expect that Ero Copper will post 4.7442244 EPS for the current year.

Insider Activity at Ero Copper

In other Ero Copper news, Director John H. Wright sold 15,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were 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 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 currently owned by company insiders.

Ero Copper Company Profile