Ero Copper (NYSE:ERO) Now Covered by Analysts at BMO Capital Markets

BMO Capital Markets started coverage on shares of Ero Copper (NYSE:ERO - Free Report) in a research note published on Wednesday, Marketbeat reports. The firm issued an outperform rating on the stock.

ERO has been the topic of several other research reports. Desjardins started coverage on Ero Copper in a research note on Friday, April 4th. They issued a "hold" rating on the stock. TD Securities raised Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 12th. TD Cowen raised Ero Copper from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Finally, Raymond James reiterated an "outperform" rating on shares of Ero Copper in a report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $26.33.

Ero Copper Stock Down 2.1 %

Shares of ERO traded down $0.23 on Wednesday, reaching $10.70. The stock had a trading volume of 205,993 shares, compared to its average volume of 398,045. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 62.94 and a beta of 1.10. The company has a 50-day simple moving average of $12.24 and a 200-day simple moving average of $14.50. Ero Copper has a 12-month low of $9.30 and a 12-month high of $24.34. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68.

Ero Copper (NYSE:ERO - Get Free Report) last released 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 return on equity of 11.30% and a net margin of 3.67%. The business had revenue of $122.50 million during the quarter, compared to analysts' expectations of $183.26 million. Sell-side analysts predict that Ero Copper will post 0.71 EPS for the current year.

Institutional Investors Weigh In On Ero Copper

Large investors have recently made changes to their positions in the company. Northwest & Ethical Investments L.P. grew its holdings in shares of Ero Copper by 19.1% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company's stock valued at $88,000 after purchasing an additional 1,050 shares in the last quarter. Sentry Investment Management LLC increased its holdings in shares of Ero Copper by 5.8% in the 4th quarter. Sentry Investment Management LLC now owns 21,716 shares of the company's stock worth $293,000 after buying an additional 1,188 shares during the last quarter. Swiss National Bank raised its position in shares of Ero Copper by 0.6% during the 4th quarter. Swiss National Bank now owns 194,100 shares of the company's stock valued at $2,616,000 after buying an additional 1,200 shares in the last quarter. BTG Pactual Asset Management US LLC lifted its holdings in shares of Ero Copper by 12.6% in the 4th quarter. BTG Pactual Asset Management US LLC now owns 13,173 shares of the company's stock valued at $178,000 after acquiring an additional 1,473 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Ero Copper by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 48,667 shares of the company's stock worth $662,000 after acquiring an additional 1,727 shares in the last quarter. 71.30% of the stock is 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.