Ero Copper (TSE:ERO) Rating Increased to Outperform at Raymond James

Raymond James upgraded shares of Ero Copper (TSE:ERO) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has C$36.00 price target on the stock, up from their previous price target of C$34.00.

A number of other research firms also recently weighed in on ERO. Ventum Cap Mkts upgraded shares of Ero Copper from a hold rating to a strong-buy rating in a report on Monday, July 22nd. Scotiabank cut their target price on Ero Copper from C$40.00 to C$36.00 in a research report on Monday, August 19th. Canaccord Genuity Group raised their price target on Ero Copper from C$36.00 to C$39.00 in a research report on Monday, July 22nd. TD Securities dropped their price target on shares of Ero Copper from C$31.00 to C$30.00 and set a hold rating for the company in a research note on Tuesday, August 6th. Finally, CIBC upgraded Ero Copper from a neutral rating to an outperform rating and increased their target price for the stock from C$32.00 to C$36.00 in a research note on Thursday, June 20th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of C$33.77.

Ero Copper Stock Down 3.8 %

Shares of ERO opened at C$24.80 on Tuesday. Ero Copper has a 12-month low of C$15.72 and a 12-month high of C$32.89. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. The company has a market capitalization of C$2.56 billion, a PE ratio of -95.69, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The business’s 50 day moving average is C$27.89 and its 200 day moving average is C$27.31.

Ero Copper (TSE:ERO) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.25 EPS for the quarter, beating the consensus estimate of C$0.23 by C$0.02. The business had revenue of C$160.22 million during the quarter, compared to the consensus estimate of C$154.50 million. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%.

Insider Transactions at Ero Copper

In other Ero Copper news, Director Lyle Braaten sold 10,000 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$28.11, for a total value of C$281,053.00. Insiders own 10.37% of the company’s stock.

About Ero Copper

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