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

Ero Copper Corp. (TSE:ERO) Director Lyle Braaten sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$41.80, for a total transaction of C$418,000.00. Following the transaction, the director owned 200,000 shares of the company’s stock, valued at approximately C$8,360,000. The trade was a 4.76% decrease in their position.

Ero Copper Stock Down 2.8%

Ero Copper stock opened at C$42.50 on Thursday. The company has a debt-to-equity ratio of 54.96, a quick ratio of 1.43 and a current ratio of 1.30. Ero Copper Corp. has a 52-week low of C$17.66 and a 52-week high of C$53.69. The firm has a 50 day moving average price of C$38.07 and a two-hundred day moving average price of C$38.01. The firm has a market cap of C$4.43 billion, a price-to-earnings ratio of 15.18, a PEG ratio of -0.72 and a beta of 1.93.

Ero Copper (TSE:ERO) last released its quarterly earnings results on Thursday, March 5th. The company reported C$1.43 earnings per share (EPS) for the quarter. Ero Copper had a net margin of 31.55% and a return on equity of 31.19%. The firm had revenue of C$430.18 million during the quarter. Equities analysts predict that Ero Copper Corp. will post 4.7442244 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ERO. TD Securities lifted their price objective on shares of Ero Copper from C$33.00 to C$45.00 in a research note on Thursday, January 22nd. BMO Capital Markets lifted their price objective on shares of Ero Copper from C$42.00 to C$48.00 in a research note on Wednesday, April 22nd. Jefferies Financial Group lowered their price objective on shares of Ero Copper from C$45.00 to C$38.00 in a research note on Friday, February 6th. Canaccord Genuity Group lifted their price objective on shares of Ero Copper from C$48.00 to C$52.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, The Goldman Sachs Group lowered shares of Ero Copper from a “buy” rating to a “hold” rating and set a C$31.00 price objective for the company. in a research note on Monday, April 13th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$45.00.

Ero Copper Company Profile

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.