Ero Copper Corp. (NYSE:ERO) Receives $26.33 Average Target Price from Analysts

Shares of Ero Copper Corp. (NYSE:ERO - Get Free Report) have been given an average recommendation of "Buy" by the eleven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $26.33.

A number of research analysts recently weighed in on the company. TD Cowen raised Ero Copper from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. BMO Capital Markets assumed coverage on Ero Copper in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. National Bankshares raised Ero Copper from a "sector perform" rating to an "outperform" rating in a report on Tuesday, May 6th. Raymond James reaffirmed an "outperform" rating on shares of Ero Copper in a report on Friday, April 4th. Finally, TD Securities reaffirmed a "buy" rating on shares of Ero Copper in a report on Wednesday, May 7th.

Ero Copper Stock Performance

Shares of ERO stock traded down $0.09 during trading on Thursday, reaching $15.81. 294,938 shares of the company's stock were exchanged, compared to its average volume of 401,925. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.64 billion, a PE ratio of 93.00 and a beta of 1.13. Ero Copper has a twelve month low of $9.30 and a twelve month high of $23.40. The firm's fifty day moving average price is $12.65 and its 200-day moving average price is $13.30.

Ero Copper (NYSE:ERO - Get Free Report) last posted its earnings results 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 business had revenue of $125.10 million for the quarter, compared to analyst estimates of $179.45 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. As a group, sell-side analysts anticipate that Ero Copper will post 0.71 EPS for the current year.

Institutional Trading of Ero Copper

A number of institutional investors have recently modified their holdings of the stock. GMT Capital Corp lifted its position in shares of 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 period. Invesco Ltd. lifted its position in shares of Ero Copper by 22.6% during the 4th quarter. Invesco Ltd. now owns 3,890,977 shares of the company's stock valued at $52,450,000 after acquiring an additional 715,999 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ero Copper by 2.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,607,517 shares of the company's stock valued at $43,689,000 after acquiring an additional 80,359 shares during the period. 683 Capital Management LLC lifted its position in shares of Ero Copper by 20.4% during the 4th quarter. 683 Capital Management LLC now owns 2,468,367 shares of the company's stock valued at $33,272,000 after acquiring an additional 418,367 shares during the period. Finally, Boston Partners lifted its position in shares of Ero Copper by 66.9% during the 4th quarter. Boston Partners now owns 1,101,265 shares of the company's stock valued at $14,850,000 after acquiring an additional 441,413 shares during the period. 71.30% of the stock is currently owned by institutional investors.

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.