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 company’s stock in a transaction that occurred on 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 trade represents a 4.76% decrease in their ownership of the stock.

Ero Copper Stock Performance

Shares of Ero Copper stock traded up C$4.08 on Tuesday, reaching C$43.74. 829,836 shares of the company were exchanged, compared to its average volume of 545,035. The firm has a market cap of C$4.56 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of -0.72 and a beta of 1.93. Ero Copper Corp. has a 1-year low of C$17.66 and a 1-year high of C$53.69. The company has a debt-to-equity ratio of 54.96, a quick ratio of 1.43 and a current ratio of 1.30. The company’s 50-day moving average is C$38.13 and its two-hundred day moving average is C$37.92.

Ero Copper (TSE:ERO) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$1.43 EPS for the quarter. Ero Copper had a return on equity of 31.19% and a net margin of 31.55%.The firm had revenue of C$430.18 million during the quarter. As a group, research analysts expect that Ero Copper Corp. will post 4.7442244 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ERO shares. Raymond James Financial cut shares of Ero Copper from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$49.00 to C$45.00 in a report on Monday, February 9th. TD Securities upped their target price on shares of Ero Copper from C$33.00 to C$45.00 in a research report on Thursday, January 22nd. Bank of America lowered shares of Ero Copper from a “buy” rating to a “neutral” rating and dropped their price target for the company from C$49.00 to C$45.00 in a research note on Monday, February 9th. The Goldman Sachs Group cut Ero Copper from a “buy” rating to a “hold” rating and set a C$31.00 price target on the stock. in a report on Monday, April 13th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Ero Copper from C$42.00 to C$52.00 in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently 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.