Ero Copper (TSE:ERO – Free Report) had its target price cut by Scotiabank from C$40.00 to C$36.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.
A number of other analysts have also issued reports on ERO. Ventum Financial lowered 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 report on Tuesday, May 28th. Cormark upped their target price on Ero Copper from C$30.00 to C$32.50 in a report on Friday, May 10th. Ventum Cap Mkts upgraded Ero Copper from a hold rating to a strong-buy rating in a research note on Monday, July 22nd. Eight Capital upped their price objective on shares of Ero Copper from C$30.00 to C$40.00 in a research note on Thursday, July 11th. Finally, TD Securities cut their target price on shares of 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. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of C$33.65.
Ero Copper Trading Up 0.2 %
Insider Buying and Selling
In other Ero Copper news, Director Lyle Braaten sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of C$28.11, for a total value of C$281,053.00. 10.37% of the stock is currently owned by company 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.
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