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

Ero Copper Corp. (TSE:ERO) 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 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 stock was 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 stock was sold at an average price of C$29.69, for a total transaction of C$35,865.52.

Ero Copper Stock Performance

TSE:ERO opened at C$28.14 on Friday. The company has a current ratio of 0.82, a quick ratio of 1.43 and a debt-to-equity ratio of 62.41. The firm has a 50-day moving average price of C$28.74 and a two-hundred day moving average price of C$24.68. Ero Copper Corp. has a twelve month low of C$15.72 and a twelve month high of C$32.89. The company has a market capitalization of C$2.90 billion, a P/E ratio of 31.62, a price-to-earnings-growth 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 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 firm had revenue of C$142.63 million during the quarter, compared to the consensus estimate of C$141.98 million. As a group, research analysts expect that Ero Copper Corp. will post 2.2548878 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ERO. Raymond James increased their price target on shares of Ero Copper from C$30.00 to C$34.00 in a research note on Thursday, May 23rd. Scotiabank upgraded shares of Ero Copper from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$32.00 to C$40.00 in a research report on Thursday, May 30th. Ventum Financial downgraded shares of Ero Copper from a “buy” rating to a “neutral” rating and upped their price objective for the stock from C$31.50 to C$33.00 in a research report on Tuesday, May 28th. Eight Capital upped their price objective on shares of Ero Copper from C$23.50 to C$30.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, BMO Capital Markets upped their price objective on shares of Ero Copper from C$35.00 to C$37.00 and gave the stock a “market perform” rating in a research report on Monday, June 10th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$31.85.

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.