Ventum Cap Mkts upgraded shares of Ero Copper (TSE:ERO – Free Report) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning, Zacks.com reports.
ERO has been the subject of a number of other reports. National Bankshares increased their price target on Ero Copper from C$32.50 to C$33.00 and gave the company a sector perform rating in a research report on Monday, July 15th. Jefferies Financial Group raised their target price on Ero Copper from C$29.00 to C$32.00 in a research report on Friday, July 12th. BMO Capital Markets boosted their price target on shares of Ero Copper from C$41.00 to C$43.00 in a report on Tuesday. Raymond James raised their price objective on shares of Ero Copper from C$30.00 to C$34.00 in a report on Thursday, May 23rd. Finally, Scotiabank upgraded shares of Ero Copper from a sector perform rating to an outperform rating and boosted their target price for the company from C$32.00 to C$40.00 in a research note on Thursday, May 30th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of C$34.04.
View Our Latest Stock Report on ERO
Ero Copper Trading Down 0.5 %
Ero Copper (TSE:ERO – Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported C$0.22 EPS for the quarter, beating the consensus estimate of C$0.07 by C$0.15. Ero Copper had a net margin of 14.23% and a return on equity of 9.21%. The company had revenue of C$142.63 million during the quarter, compared to the consensus estimate of C$141.98 million. On average, analysts predict that Ero Copper will post 2.2548878 EPS for the current fiscal year.
Insider Activity
In other Ero Copper news, Director Lyle Braaten sold 1,208 shares of Ero Copper stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$29.69, for a total transaction of C$35,865.52. Over the last three months, insiders sold 16,208 shares of company stock worth $464,151. 10.93% of the stock is owned by corporate insiders.
Ero Copper Company Profile
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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