Ero Copper (TSE:ERO – Get Free Report) had its target price raised by TD Securities from C$30.00 to C$31.00 in a research note issued on Monday, BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 15.46% from the stock’s current price.
ERO has been the topic of several other research reports. Ventum Cap Mkts downgraded Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Eight Capital raised their price objective on Ero Copper from C$30.00 to C$40.00 in a research note on Thursday, July 11th. CIBC raised Ero Copper from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from C$32.00 to C$36.00 in a research note on Thursday, June 20th. Canaccord Genuity Group increased their target price on Ero Copper from C$34.00 to C$36.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, Pi Financial upgraded Ero Copper from a “neutral” rating to a “buy” rating in a research report on Thursday, April 18th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Ero Copper presently has a consensus rating of “Hold” and a consensus price target of C$33.88.
Check Out Our Latest Stock Report on Ero Copper
Ero Copper Stock Performance
Ero Copper (TSE:ERO – Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported C$0.22 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.15. Ero Copper had a return on equity of 9.21% and a net margin of 14.23%. The company had revenue of C$142.63 million for the quarter, compared to the consensus estimate of C$141.98 million. As a group, equities analysts anticipate that Ero Copper will post 2.2548878 earnings per share for the current year.
Insider Transactions at Ero Copper
In other news, Director Lyle Braaten sold 10,000 shares of Ero Copper stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of C$28.11, for a total value of C$281,053.00. In the last 90 days, insiders sold 16,208 shares of company stock worth $464,151. 10.93% of the stock is currently owned by company insiders.
About Ero Copper
Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.
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