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

Ero Copper Corp. (TSE:ERO) Director Lyle Braaten sold 10,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$28.11, for a total value of C$281,053.00.

Lyle Braaten also recently made the following trade(s):

• On Monday, May 13th, Lyle Braaten sold 5,000 shares of Ero Copper stock. The shares were sold at an average price of C$29.45, for a total value of C$147,232.50.
• On Friday, May 10th, Lyle Braaten sold 1,208 shares of Ero Copper stock. The shares were sold at an average price of C$29.69, for a total value of C$35,865.52.

Ero Copper Stock Performance

TSE ERO opened at C$28.14 on Friday. The stock has a market capitalization of C$2.90 billion, a price-to-earnings ratio of 31.62, a PEG ratio of -0.72 and a beta of 2.12. Ero Copper Corp. has a twelve month low of C$15.72 and a twelve month high of C$32.89. The company has a current ratio of 0.82, a quick ratio of 1.43 and a debt-to-equity ratio of 62.41. The stock has a 50-day moving average of C$28.74 and a 200 day moving average of C$24.73.

Ero Copper (TSE:ERO) last released its quarterly earnings results on Tuesday, May 7th. The company reported C$0.22 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.15. The company had revenue of C$142.63 million during the quarter, compared to analysts’ expectations of C$141.98 million. Ero Copper had a return on equity of 9.21% and a net margin of 14.23%. Sell-side analysts anticipate that Ero Copper Corp. will post 2.2548878 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on ERO shares. Ventum Financial downgraded Ero Copper from a “buy” rating to a “neutral” rating and boosted their price target for the company from C$31.50 to C$33.00 in a research note on Tuesday, May 28th. Pi Financial upgraded Ero Copper from a “neutral” rating to a “buy” rating in a research note on Thursday, April 18th. Raymond James boosted their price target on Ero Copper from C$30.00 to C$34.00 in a research note on Thursday, May 23rd. Canaccord Genuity Group boosted their price target on Ero Copper from C$34.00 to C$36.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Cormark upped their target price on Ero Copper from C$30.00 to C$32.50 in a research note on Friday, May 10th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$31.85.

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.