Insider Selling: Ero Copper (TSE:ERO) Director Sells C$781,650.00 in Stock

Ero Copper Corp. (TSE:ERO) Director John Wright sold 15,000 shares of Ero Copper stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of C$52.11, for a total transaction of C$781,650.00. Following the completion of the transaction, the director directly owned 377,832 shares in the company, valued at approximately C$19,688,825.52. This represents a 3.82% decrease in their position.

Ero Copper Price Performance

TSE ERO opened at C$50.33 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. The company has a fifty day simple moving average of C$39.50 and a 200 day simple moving average of C$30.14. The company has a market cap of C$5.23 billion, a P/E ratio of 37.84, a P/E/G ratio of -0.72 and a beta of 1.99. Ero Copper Corp. has a 1 year low of C$13.17 and a 1 year high of C$53.69.

Ero Copper (TSE:ERO) last posted its earnings results on Tuesday, November 4th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$246.59 million for the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. On average, sell-side analysts predict that Ero Copper Corp. will post 4.7442244 EPS for the current year.

Wall Street Analyst Weigh In

ERO has been the subject of a number of research analyst reports. Ventum Cap Mkts upgraded Ero Copper to a “strong-buy” rating in a report on Monday, November 3rd. Raymond James Financial upped their target price on shares of Ero Copper from C$33.00 to C$40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Freedom Capital raised shares of Ero Copper to a “strong-buy” rating in a report on Tuesday, December 30th. Jefferies Financial Group downgraded shares of Ero Copper from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$37.00 to C$40.00 in a report on Monday, December 8th. Finally, Scotiabank upped their price objective on shares of Ero Copper from C$36.00 to C$45.00 in a research report on Thursday, January 8th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ero Copper currently has an average rating of “Moderate Buy” and a consensus target price of C$40.30.

Ero Copper Company Profile