Ero Copper (TSE:ERO) Upgraded to Outperform by BMO Capital Markets

BMO Capital Markets upgraded shares of Ero Copper (TSE:ERO) from a market perform rating to an outperform rating in a report issued on Wednesday, Marketbeat Ratings reports. BMO Capital Markets currently has C$41.00 price target on the stock, up from their prior price target of C$37.00.

ERO has been the topic of a number of other research reports. Cormark raised their price target on Ero Copper from C$30.00 to C$32.50 in a report on Friday, May 10th. National Bankshares lowered their price target on Ero Copper from C$33.50 to C$32.50 and set a sector perform rating on the stock in a report on Monday, June 10th. Eight Capital raised their price target on Ero Copper from C$23.50 to C$30.00 and gave the stock a neutral rating in a report on Monday, April 22nd. Canaccord Genuity Group raised their price target on Ero Copper from C$34.00 to C$36.00 and gave the stock a buy rating in a report on Monday, May 13th. Finally, Ventum Cap Mkts cut Ero Copper from a strong-buy rating to a hold rating in a research report on Tuesday, May 28th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of C$32.15.

Ero Copper Stock Down 1.9 %

Ero Copper stock opened at C$29.24 on Wednesday. The stock’s fifty day moving average is C$28.90 and its two-hundred day moving average is C$25.14. The company has a debt-to-equity ratio of 62.41, a current ratio of 0.82 and a quick ratio of 1.43. Ero Copper has a 1-year low of C$15.72 and a 1-year high of C$32.89. The stock has a market cap of C$3.01 billion, a PE ratio of 32.85, a P/E/G ratio of -0.72 and a beta of 2.12.

Ero Copper (TSE:ERO) last posted its earnings results on Tuesday, May 7th. The company reported C$0.22 EPS for the quarter, topping 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 business had revenue of C$142.63 million for the quarter, compared to analysts’ expectations of C$141.98 million. On average, sell-side analysts expect that Ero Copper will post 2.2548878 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Lyle Braaten sold 10,000 shares of the stock in a transaction 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 ninety days, insiders have sold 16,208 shares of company stock valued at $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.