Insider Buying: Ero Copper Corp. (TSE:ERO) Director Acquires 10,000 Shares of Stock

Ero Copper Corp. (TSE:ERO) Director Chantal Gosselin bought 10,000 shares of Ero Copper stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average price of C$19.44 per share, with a total value of C$194,400.00.

Chantal Gosselin also recently made the following trade(s):

• On Thursday, November 28th, Chantal Gosselin sold 10,000 shares of Ero Copper stock. The stock was sold at an average price of C$21.17, for a total value of C$211,700.00.

Ero Copper Trading Down 0.9 %

Shares of ERO stock traded down C$0.18 on Friday, reaching C$19.25. The company had a trading volume of 310,024 shares, compared to its average volume of 309,415. The stock has a market cap of C$1.99 billion, a PE ratio of -74.04, a PEG ratio of -0.72 and a beta of 1.98. The company has a 50-day moving average of C$22.62 and a 200-day moving average of C$26.19. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. Ero Copper Corp. has a 12 month low of C$18.38 and a 12 month high of C$32.89.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ERO shares. Eight Capital dropped their price objective on shares of Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. The Goldman Sachs Group raised Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. Raymond James raised shares of Ero Copper from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$34.00 to C$36.00 in a report on Tuesday, September 3rd. Jefferies Financial Group decreased their price target on Ero Copper from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, Scotiabank lowered their target price on Ero Copper from C$34.00 to C$30.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Ero Copper has an average rating of “Moderate Buy” and an average target price of C$33.33.

Ero Copper Company Profile

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.