Ero Copper Corp. (NYSE:ERO) Receives Average Rating of "Buy" from Analysts

Shares of Ero Copper Corp. (NYSE:ERO - Get Free Report) have been given a consensus rating of "Buy" by the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $26.33.

ERO has been the topic of several recent analyst reports. Desjardins assumed coverage on Ero Copper in a research note on Friday, April 4th. They issued a "hold" rating on the stock. National Bankshares upgraded shares of Ero Copper from a "sector perform" rating to an "outperform" rating in a research report on Tuesday. TD Securities reaffirmed a "buy" rating on shares of Ero Copper in a research report on Wednesday. National Bank Financial raised Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, BMO Capital Markets initiated coverage on Ero Copper in a research report on Wednesday, April 16th. They set an "outperform" rating for the company.

Institutional Trading of Ero Copper

A number of large investors have recently made changes to their positions in ERO. Jennison Associates LLC increased its position in shares of Ero Copper by 3.5% in the 4th quarter. Jennison Associates LLC now owns 5,909,627 shares of the company's stock valued at $79,645,000 after purchasing an additional 198,800 shares during the last quarter. Invesco Ltd. increased its holdings in Ero Copper by 22.6% in the fourth quarter. Invesco Ltd. now owns 3,890,977 shares of the company's stock valued at $52,450,000 after buying an additional 715,999 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ero Copper by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,527,158 shares of the company's stock valued at $47,529,000 after buying an additional 176,637 shares in the last quarter. 683 Capital Management LLC lifted its holdings in Ero Copper by 20.4% during the 4th quarter. 683 Capital Management LLC now owns 2,468,367 shares of the company's stock worth $33,272,000 after buying an additional 418,367 shares during the last quarter. Finally, Boston Partners boosted 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 worth $14,850,000 after acquiring an additional 441,413 shares in the last quarter. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

Ero Copper Stock Up 0.1 %

NYSE ERO opened at $13.39 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. Ero Copper has a 52 week low of $9.30 and a 52 week high of $24.34. The business's fifty day simple moving average is $12.11 and its 200-day simple moving average is $13.75. The firm has a market cap of $1.39 billion, a PE ratio of 78.76 and a beta of 1.10.

Ero Copper (NYSE:ERO - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.18. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. The business had revenue of $125.10 million during the quarter, compared to analysts' expectations of $179.45 million. As a group, equities analysts anticipate that Ero Copper will post 0.71 earnings per share for the current 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.

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