Brokerages Set Ero Copper Corp. (NYSE:ERO) Price Target at $26.33

Ero Copper Corp. (NYSE:ERO - Get Free Report) has been assigned an average rating of "Buy" from the eleven analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $26.33.

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Ero Copper in a research note on Wednesday, April 16th. They set an "outperform" rating on the stock. Desjardins started coverage on Ero Copper in a research report on Friday, April 4th. They set a "hold" rating on the stock. TD Cowen raised shares of Ero Copper from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Wall Street Zen upgraded Ero Copper from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Finally, TD Securities reaffirmed a "buy" rating on shares of Ero Copper in a research report on Wednesday, May 7th.

Institutional Trading of Ero Copper

Several institutional investors have recently modified their holdings of ERO. GMT Capital Corp raised its stake in Ero Copper by 22.9% during the 1st quarter. GMT Capital Corp now owns 6,931,025 shares of the company's stock valued at $83,938,000 after acquiring an additional 1,292,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Ero Copper during the first quarter worth $8,994,000. Invesco Ltd. boosted its position in shares of Ero Copper by 22.6% in the 4th quarter. Invesco Ltd. now owns 3,890,977 shares of the company's stock worth $52,450,000 after buying an additional 715,999 shares in the last quarter. TD Asset Management Inc grew its position in shares of Ero Copper by 234.1% in the first quarter. TD Asset Management Inc now owns 935,090 shares of the company's stock valued at $11,324,000 after purchasing an additional 655,232 shares during the last quarter. Finally, Bridgewater Associates LP increased its position in Ero Copper by 400.2% during the fourth quarter. Bridgewater Associates LP now owns 818,269 shares of the company's stock worth $11,026,000 after buying an additional 654,684 shares in the last quarter. Hedge funds and other institutional investors own 71.30% of the company's stock.

Ero Copper Stock Down 0.6%

NYSE ERO traded down $0.09 on Thursday, reaching $15.81. 294,932 shares of the stock traded hands, compared to its average volume of 401,210. Ero Copper has a 12 month low of $9.30 and a 12 month high of $23.40. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 93.00 and a beta of 1.13. The company has a fifty day moving average price of $12.58 and a 200-day moving average price of $13.32. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68.

Ero Copper (NYSE:ERO - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.18. The company had revenue of $125.10 million during the quarter, compared to analyst estimates of $179.45 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. As a group, research analysts forecast that Ero Copper will post 0.71 EPS for the current fiscal year.

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.