Lyle Braaten Sells 10,000 Shares of Ero Copper (TSE:ERO) Stock

Ero Copper Corp. (TSE:ERO) Director Lyle Braaten sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$41.80, for a total value of C$418,000.00. Following the transaction, the director directly owned 200,000 shares of the company’s stock, valued at C$8,360,000. This represents a 4.76% decrease in their position.

Ero Copper Price Performance

ERO stock traded up C$4.08 during trading hours on Tuesday, hitting C$43.74. 829,836 shares of the stock traded hands, compared to its average volume of 545,035. The stock has a 50-day simple moving average of C$38.13 and a 200 day simple moving average of C$37.92. Ero Copper Corp. has a one year low of C$17.66 and a one year high of C$53.69. The company has a market cap of C$4.56 billion, a P/E ratio of 15.62, a P/E/G ratio of -0.72 and a beta of 1.93. The company has a current ratio of 1.30, a quick ratio of 1.43 and a debt-to-equity ratio of 54.96.

Ero Copper (TSE:ERO) last released its quarterly earnings results on Thursday, March 5th. The company reported C$1.43 earnings per share for the quarter. Ero Copper had a return on equity of 31.19% and a net margin of 31.55%.The business had revenue of C$430.18 million during the quarter. Equities analysts forecast that Ero Copper Corp. will post 4.7442244 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ERO. Jefferies Financial Group decreased their price target on Ero Copper from C$45.00 to C$38.00 in a research report on Friday, February 6th. Canadian Imperial Bank of Commerce increased their price target on Ero Copper from C$42.00 to C$52.00 in a research report on Wednesday, February 4th. The Goldman Sachs Group lowered Ero Copper from a “buy” rating to a “hold” rating and set a C$31.00 price target for the company. in a research report on Monday, April 13th. BMO Capital Markets increased their price target on Ero Copper from C$42.00 to C$48.00 in a research report on Wednesday, April 22nd. Finally, ATB Cormark Capital Markets increased their price target on Ero Copper from C$37.00 to C$50.00 and gave the company a “moderate buy” rating in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$45.00.

About Ero Copper

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.