ATB Cormark Capital Markets Sticks to Their Buy Rating for Ero Copper (ERO)
In a report released today, from ATB Cormark Capital Markets maintained a Buy rating on Ero Copper, with a price target of C$50.00.
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In addition to ATB Cormark Capital Markets, Ero Copper also received a Buy from Scotiabank’s Orest Wowkodaw in a report issued yesterday. However, on February 16, Jefferies maintained a Hold rating on Ero Copper (NYSE: ERO).
Based on Ero Copper’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$177.09 million and a net profit of C$35.98 million. In comparison, last year the company earned a revenue of C$124.84 million and had a net profit of C$40.86 million
Based on the recent corporate insider activity of 87 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.
Read More on ERO:
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