In a report released today, Dalton Baretto from Canaccord Genuity maintained a Buy rating on Ero Copper (ERO – Research Report), with a price target of C$36.00. The company’s shares closed today at $21.71.
Baretto covers the Basic Materials sector, focusing on stocks such as Teck Resources, Hudbay Minerals, and Lundin Mining. According to TipRanks, Baretto has an average return of 28.3% and a 59.39% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Ero Copper with a $22.65 average price target.
ERO market cap is currently $2.21B and has a P/E ratio of 33.15.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ERO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ero Copper (ERO) Company Description:
Ero Copper Corp. engages in the exploration, development, and mining of mineral properties in Brazil. It also produces and sells copper, gold, silver products, The company was founded on May 16, 2016 and is headquartered in Vancouver, Canada.
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