Ero Copper (TSE:ERO) Stock Rating Upgraded by Atb Cormark Cm

Ero Copper (TSE:ERO) was upgraded by analysts at Atb Cormark Cm to a “moderate buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

ERO has been the subject of several other reports. TD Securities increased their price objective on Ero Copper from C$33.00 to C$45.00 in a research report on Thursday, January 22nd. Jefferies Financial Group decreased their price target on Ero Copper from C$45.00 to C$38.00 in a research note on Friday. Canaccord Genuity Group upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Ventum Cap Mkts upgraded shares of Ero Copper to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Stifel Nicolaus cut shares of 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. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$41.91.

Ero Copper Price Performance

Ero Copper stock opened at C$41.82 on Friday. Ero Copper has a 12-month low of C$13.17 and a 12-month high of C$53.69. The stock has a market cap of C$4.34 billion, a P/E ratio of 31.44, a PEG ratio of -0.72 and a beta of 1.99. The company has a 50-day moving average price of C$40.10 and a 200 day moving average price of C$30.51. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17.

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

Insider Buying and Selling

In related news, Director John H. Wright sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of C$52.11, for a total transaction of C$781,650.00. Following the completion of the transaction, the director directly owned 377,832 shares in the company, valued at C$19,688,825.52. This trade represents a 3.82% decrease in their position. 10.37% of the stock is owned by company insiders.

About Ero Copper