Ero Copper Corp. (TSE:ERO) Director Chantal Gosselin Sells 10,000 Shares

Ero Copper Corp. (TSE:ERO) Director Chantal Gosselin sold 10,000 shares of Ero Copper stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$21.17, for a total value of C$211,700.00.

Ero Copper Price Performance

TSE ERO traded down C$0.27 on Thursday, hitting C$21.11. The stock had a trading volume of 24,238 shares, compared to its average volume of 300,244. Ero Copper Corp. has a 52-week low of C$16.28 and a 52-week high of C$32.89. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68. The company has a market capitalization of C$2.18 billion, a price-to-earnings ratio of -82.23, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The firm has a 50-day moving average of C$26.27 and a 200-day moving average of C$27.60.

Analyst Ratings Changes

Several analysts have recently weighed in on ERO shares. TD Securities reduced their price target on Ero Copper from C$30.00 to C$27.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. Raymond James upgraded Ero Copper from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$34.00 to C$36.00 in a research note on Tuesday, September 3rd. Scotiabank reduced their price objective on Ero Copper from C$37.00 to C$34.00 in a research note on Wednesday, November 6th. Canaccord Genuity Group upped their price objective on Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Ventum Financial reduced their price objective on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$33.67.

Ero Copper Company Profile

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.