Ero Copper (TSE:ERO) Upgraded to “Outperform” by Raymond James

Raymond James upgraded shares of Ero Copper (TSE:ERO) from a market perform rating to an outperform rating in a research report report published on Tuesday morning, BayStreet.CA reports. They currently have C$36.00 target price on the stock, up from their previous target price of C$34.00.

Several other equities analysts have also recently issued reports on the company. Eight Capital boosted their price objective on Ero Copper from C$30.00 to C$40.00 in a report on Thursday, July 11th. TD Securities lowered their price objective on Ero Copper from C$31.00 to C$30.00 and set a hold rating on the stock in a research report on Tuesday, August 6th. National Bankshares raised their price objective on shares of Ero Copper from C$32.50 to C$33.00 and gave the stock a sector perform rating in a research note on Monday, July 15th. BMO Capital Markets boosted their target price on shares of Ero Copper from C$41.00 to C$43.00 in a research note on Tuesday, July 23rd. Finally, Scotiabank dropped their price target on shares of Ero Copper from C$40.00 to C$36.00 in a research report on Monday, August 19th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of C$33.77.

Ero Copper Price Performance

Shares of TSE:ERO opened at C$24.80 on Tuesday. 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 has a twelve month low of C$15.72 and a twelve month high of C$32.89. The company’s 50 day moving average is C$27.89 and its 200 day moving average is C$27.31. The company has a market cap 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.

Ero Copper (TSE:ERO) last issued its earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.23 by C$0.02. The firm had revenue of C$160.22 million during the quarter, compared to analysts’ expectations 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 Buying and Selling

In other Ero Copper news, Director Lyle Braaten sold 10,000 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of C$28.11, for a total transaction of C$281,053.00. 10.37% of the stock is currently owned by insiders.

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.