Ero Copper Corp. (NYSE:ERO) Receives $26.33 Consensus Price Target from Brokerages

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

A number of research firms have weighed in on ERO. BMO Capital Markets initiated coverage on Ero Copper in a report on Wednesday. They set an "outperform" rating on the stock. Raymond James reiterated an "outperform" rating on shares of Ero Copper in a report on Friday, April 4th. TD Cowen raised Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Desjardins began coverage on shares of Ero Copper in a research report on Friday, April 4th. They issued a "hold" rating on the stock. Finally, TD Securities raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 12th.

Ero Copper Trading Down 0.0 %

NYSE:ERO traded down $0.01 during trading hours on Wednesday, hitting $10.93. The company had a trading volume of 265,307 shares, compared to its average volume of 398,785. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. The stock has a 50-day moving average price of $12.24 and a 200 day moving average price of $14.50. The company has a market capitalization of $1.13 billion, a PE ratio of 64.26 and a beta of 1.10. Ero Copper has a 52 week low of $9.30 and a 52 week high of $24.34.

Ero Copper (NYSE:ERO - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.04). Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. The company had revenue of $122.50 million for the quarter, compared to the consensus estimate of $183.26 million. On average, equities research analysts predict that Ero Copper will post 0.71 EPS for the current fiscal year.

Institutional Trading of Ero Copper

Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in shares of Ero Copper in the third quarter worth approximately $654,000. Barclays PLC lifted its position in Ero Copper by 64.4% in the 3rd quarter. Barclays PLC now owns 33,987 shares of the company's stock valued at $757,000 after acquiring an additional 13,309 shares in the last quarter. Geode Capital Management LLC boosted its stake in Ero Copper by 16.1% during the 3rd quarter. Geode Capital Management LLC now owns 46,940 shares of the company's stock valued at $1,050,000 after purchasing an additional 6,521 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Ero Copper by 2,172.6% in the 3rd quarter. Toronto Dominion Bank now owns 57,702 shares of the company's stock worth $1,285,000 after purchasing an additional 55,163 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Ero Copper by 142.5% in the third quarter. Tidal Investments LLC now owns 51,557 shares of the company's stock worth $1,149,000 after purchasing an additional 30,299 shares during the last quarter. 71.30% of the stock is owned by hedge funds and other 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.