BMO Capital Markets upgraded shares of Ero Copper (TSE:ERO – Free Report) from a market perform rating to an outperform rating in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has C$41.00 price target on the stock, up from their previous price target of C$37.00.
A number of other brokerages have also issued reports on ERO. Scotiabank upgraded shares of Ero Copper from a sector perform rating to an outperform rating and upped their price target for the company from C$32.00 to C$40.00 in a research note on Thursday, May 30th. Raymond James upped their price target on shares of Ero Copper from C$30.00 to C$34.00 in a research note on Thursday, May 23rd. Canaccord Genuity Group upped 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 note on Monday, May 13th. Eight Capital increased 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 note on Monday, April 22nd. Finally, CIBC upgraded shares of Ero Copper from a neutral rating to an outperform rating and increased their price objective for the stock from C$32.00 to C$36.00 in a research note on Thursday, June 20th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Ero Copper has a consensus rating of Hold and a consensus target price of C$32.15.
Read Our Latest Stock Analysis on Ero Copper
Ero Copper Trading Up 4.3 %
Ero Copper (TSE:ERO – Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. As a group, sell-side analysts anticipate that Ero Copper will post 2.2548878 earnings per share for the current fiscal year.
Insider Buying and Selling at Ero Copper
In other Ero Copper news, Director Lyle Braaten sold 5,000 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of C$29.45, for a total transaction of C$147,232.50. Insiders have sold a total of 16,208 shares of company stock valued at $464,151 over the last ninety days. Corporate insiders own 10.93% of the company’s stock.
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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