Lyle Braaten Sells 10,000 Shares of Ero Copper Corp. (TSE:ERO) Stock

Ero Copper Corp. (TSE:ERO) Director Lyle Braaten sold 10,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$28.11, for a total transaction of C$281,053.00.

Lyle Braaten also recently made the following trade(s):

• On Monday, May 13th, Lyle Braaten sold 5,000 shares of Ero Copper stock. The shares were sold at an average price of C$29.45, for a total transaction of C$147,232.50.
• On Friday, May 10th, Lyle Braaten sold 1,208 shares of Ero Copper stock. The shares were sold at an average price of C$29.69, for a total transaction of C$35,865.52.

Ero Copper Trading Down 2.3 %

TSE ERO traded down C$0.65 during trading hours on Friday, hitting C$28.14. The company’s stock had a trading volume of 216,296 shares, compared to its average volume of 314,760. The stock has a fifty day moving average of C$28.75 and a 200 day moving average of C$24.61. Ero Copper Corp. has a twelve month low of C$15.72 and a twelve month high of C$32.89. The firm has a market capitalization of C$2.90 billion, a P/E ratio of 32.35, a PEG ratio of -0.72 and a beta of 2.12. The company has a quick ratio of 1.43, a current ratio of 0.82 and a debt-to-equity ratio of 62.41.

Ero Copper (TSE:ERO) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$0.22 earnings per share 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 business had revenue of C$142.63 million for the quarter, compared to analyst estimates of C$141.98 million. Equities research analysts forecast that Ero Copper Corp. will post 2.2548878 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on ERO. Canaccord Genuity Group boosted their price target on shares of Ero Copper from C$34.00 to C$36.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Ventum Cap Mkts lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Eight Capital boosted their price target on shares of Ero Copper from C$23.50 to C$30.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. TD Securities upped their target price on shares of Ero Copper from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research report on Friday, March 8th. Finally, Jefferies Financial Group reduced their target price on shares of Ero Copper from C$30.00 to C$29.00 in a research report on Thursday, June 6th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Ero Copper has a consensus rating of “Hold” and an average price target of C$31.85.

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.