Ero Copper Corp. (NYSE:ERO) Short Interest Update

Ero Copper Corp. (NYSE:ERO - Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totalling 4,020,000 shares, a decline of 16.3% from the April 30th total of 4,800,000 shares. Currently, 4.3% of the company's stock are sold short. Based on an average daily trading volume, of 509,100 shares, the short-interest ratio is presently 7.9 days.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ERO. Wall Street Zen upgraded Ero Copper from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Raymond James reaffirmed an "outperform" rating on shares of Ero Copper in a research note on Friday, April 4th. BMO Capital Markets began coverage on shares of Ero Copper in a research report on Wednesday, April 16th. They issued an "outperform" rating on the stock. National Bank Financial upgraded Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, TD Cowen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $26.33.

Hedge Funds Weigh In On Ero Copper

Institutional investors have recently modified their holdings of the business. Acuitas Investments LLC acquired a new stake in Ero Copper during the first quarter worth approximately $39,000. State of Wyoming acquired a new stake in Ero Copper during the 4th quarter valued at $76,000. Northwest & Ethical Investments L.P. lifted its stake in shares of Ero Copper by 19.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company's stock worth $88,000 after purchasing an additional 1,050 shares during the period. TD Waterhouse Canada Inc. grew its stake in shares of Ero Copper by 128.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company's stock valued at $143,000 after buying an additional 6,000 shares during the period. Finally, Deutsche Bank AG boosted its position in Ero Copper by 59.5% during the 4th quarter. Deutsche Bank AG now owns 10,700 shares of the company's stock worth $144,000 after purchasing an additional 3,990 shares during the period. Institutional investors and hedge funds own 71.30% of the company's stock.

Ero Copper Stock Up 0.1%

Shares of NYSE ERO traded up $0.02 during trading hours on Thursday, hitting $15.92. 693,671 shares of the stock were exchanged, compared to its average volume of 401,277. 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 company has a market cap of $1.65 billion, a PE ratio of 93.65 and a beta of 1.13. Ero Copper has a 12 month low of $9.30 and a 12 month high of $23.40. The firm has a fifty day moving average price of $12.50 and a 200-day moving average price of $13.32.

Ero Copper (NYSE:ERO - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.35 EPS 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 company had revenue of $125.10 million for the quarter, compared to analyst estimates of $179.45 million. On average, sell-side analysts expect that Ero Copper will post 0.71 EPS 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.