Ero Copper (TSE:ERO) Director John Wright Sells 15,000 Shares

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

Ero Copper Stock Performance

Shares of TSE:ERO traded down C$5.53 during trading on Friday, reaching C$45.68. The company had a trading volume of 590,750 shares, compared to its average volume of 572,480. Ero Copper Corp. has a fifty-two week low of C$13.17 and a fifty-two week high of C$53.69. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. The stock’s fifty day moving average price is C$38.87 and its 200 day moving average price is C$29.67. The firm has a market capitalization of C$4.75 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of -0.72 and a beta of 1.97.

Ero Copper (TSE:ERO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.27 earnings per share for the quarter. The firm 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%. As a group, equities research analysts predict that Ero Copper Corp. will post 4.7442244 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on ERO shares. Raymond James Financial raised their price objective on shares of Ero Copper from C$33.00 to C$40.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. CIBC raised their price target on Ero Copper from C$37.00 to C$42.00 in a report on Friday, December 5th. Freedom Capital raised Ero Copper to a “strong-buy” rating in a report on Tuesday, December 30th. Jefferies Financial Group cut Ero Copper from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$37.00 to C$40.00 in a research report on Monday, December 8th. Finally, Ventum Cap Mkts upgraded shares of Ero Copper to a “strong-buy” rating in a research report on Monday, November 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$40.30.

Ero Copper Company Profile