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

Ero Copper Corp. (NYSE:ERO - Get Free Report) has been assigned an average recommendation of "Buy" from the eleven ratings firms 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 given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $26.33.

A number of equities research analysts have commented on ERO shares. National Bankshares raised Ero Copper from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, May 6th. Wall Street Zen upgraded Ero Copper from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. National Bank Financial upgraded Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. TD Securities restated a "buy" rating on shares of Ero Copper in a report on Wednesday, May 7th. Finally, Raymond James Financial restated an "outperform" rating on shares of Ero Copper in a report on Friday, April 4th.

Ero Copper Trading Down 2.7%

Shares of Ero Copper stock opened at $16.78 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.80 and a current ratio of 1.05. Ero Copper has a 52 week low of $9.30 and a 52 week high of $23.40. The stock has a 50 day moving average price of $14.21 and a two-hundred day moving average price of $13.37. The stock has a market capitalization of $1.74 billion, a PE ratio of 98.74 and a beta of 1.13.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.18. Ero Copper had a return on equity of 14.24% and a net margin of 3.87%. The firm 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 fiscal year.

Institutional Trading of Ero Copper

A number of hedge funds have recently bought and sold shares of the business. GMT Capital Corp lifted its holdings in Ero Copper by 22.9% during the first quarter. GMT Capital Corp now owns 6,931,025 shares of the company's stock worth $83,938,000 after acquiring an additional 1,292,100 shares during the period. Invesco Ltd. lifted its holdings in Ero Copper by 22.6% during the fourth quarter. Invesco Ltd. now owns 3,890,977 shares of the company's stock worth $52,450,000 after acquiring an additional 715,999 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ero Copper by 2.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,607,517 shares of the company's stock worth $43,689,000 after acquiring an additional 80,359 shares during the period. 683 Capital Management LLC lifted its holdings in Ero Copper by 20.4% during the fourth quarter. 683 Capital Management LLC now owns 2,468,367 shares of the company's stock worth $33,272,000 after acquiring an additional 418,367 shares during the period. Finally, Boston Partners lifted its holdings in Ero Copper by 66.9% during the fourth 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 during the period. 71.30% of the stock is currently owned by institutional investors.

About Ero Copper

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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