Ero Copper (TSE:ERO) Downgraded to ‘Neutral’ at Ventum Financial

Ventum Financial lowered the company’s shares Ero Miedź (TSE:ERO – Free Report) from a buy rating to a neutral rating, according to BayStreet.CA in a report published on Tuesday. They currently have a price target of C$33.00 on the stock, up from their previous price target of C$31.50.

Several other stock analysts have also published reports on the company. TD Securities increased their target price on Ero Copper from C$24.00 to C$25.00 and gave the stock a hold rating in a research note on Friday, March 8. Jefferies Financial Group set a target price of C$30.00 for Ero Copper and gave the stock a hold rating in a report on Friday, May 3rd. BMO Capital Markets increased their target price on Ero Copper from C$32.00 to C$35.00 and gave the stock a market perform rating in a report on Tuesday, May 21st. Scotiabank increased their price target on Ero Copper from C$30.00 to C$32.00 in a report on Thursday, May 9th. Finally, Canaccord Genuity Group increased their price target on Ero Copper from C$34.00 to C$36.00 and gave the stock a buy rating in a report on Monday, May 13th. Ten analysts have rated the company with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the consensus rating for the stock is Hold and the consensus price target is C$30.92.

Check out our latest stock analysis for Ero Copper

Ero copper stocks increased by 0.3%

URE shares opened at C$31.58 on Tuesday. The company has a debt-to-equity ratio of 62.41, a quick ratio of 1.43 and a current ratio of 0.82. Ero Copper has a 1-year low of C$15.72 and a 1-year high of C$32.89. The stock has a market capitalization of C$3.25 billion, a price-to-earnings ratio of 35.48, a PEG ratio of -0.72 and a beta of 2.12. The stock has a 50-day moving average price of C$28.39 and a 200-day moving average price of C$23.38.

Ero Copper (TSE:ERO – Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.07 by C$0.15. Ero Copper achieved a return on equity of 9.21% and a net margin of 14.23%. The company had revenue of C$142.63 million for the quarter, compared to analyst expectations of C$141.98 million. Stock research analysts forecast that Ero Copper will record 2.2548878 earnings per share for the current financial year.

Confidential activity

Therefore, Director Lyle Braaten sold 1,208 shares of Ero Copper stock on Friday, May 10. The shares were sold at an average price of C$29.69, for a total value of C$35,865.52. Company insiders own 10.93% of the company’s shares.

About Ero Copper

(Get the free report)

Ero Copper Corp. engages in the exploration, development and production of mining projects in Brazil. The company produces and sells copper concentrate from the Caraíba plant located in the Curaçá Valley in the northeastern state of Bahia, Brazil, as well as gold and silver by-products.

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