Ero Copper (TSE:ERO) Raised to Moderate Buy at Atb Cormark Cm

Ero Copper (TSE:ERO) was upgraded by Atb Cormark Cm to a “moderate buy” rating in a research note issued on Friday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. National Bankshares increased their target price on shares of Ero Copper from C$43.00 to C$56.00 in a research report on Thursday, January 29th. Jefferies Financial Group decreased their price objective on shares of Ero Copper from C$45.00 to C$38.00 in a research note on Friday. Scotiabank raised their price objective on Ero Copper from C$36.00 to C$45.00 in a report on Thursday, January 8th. Freedom Capital upgraded Ero Copper to a “strong-buy” rating in a research report on Tuesday, December 30th. Finally, Raymond James Financial upped their target price on 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. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ero Copper presently has an average rating of “Moderate Buy” and a consensus price target of C$41.91.

Ero Copper Price Performance

Shares of TSE ERO opened at C$41.82 on Friday. The stock’s 50-day simple moving average is C$40.10 and its 200-day simple moving average is C$30.51. The firm has a market capitalization of C$4.34 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of -0.72 and a beta of 1.99. Ero Copper 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 quick ratio of 1.43 and a current ratio of 0.68.

Ero Copper (TSE:ERO) last announced its quarterly earnings results on Tuesday, November 4th. The company reported C$0.27 EPS for the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. The company had revenue of C$246.59 million for the quarter. As a group, equities research analysts forecast that Ero Copper will post 4.7442244 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director John H. Wright sold 15,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of C$52.11, for a total value of C$781,650.00. Following the completion of the sale, the director directly owned 377,832 shares of the company’s stock, valued at approximately C$19,688,825.52. This represents a 3.82% decrease in their ownership of the stock. Corporate insiders own 10.37% of the company’s stock.

About Ero Copper