Ero Copper (NYSE:ERO) Now Covered by Stifel Nicolaus

Equities research analysts at Stifel Nicolaus began coverage on shares of Ero Copper (NYSE:ERO - Get Free Report) in a report released on Wednesday,Briefing.com Automated Import reports. The firm set a "buy" rating on the stock.

Other research analysts have also recently issued reports about the stock. National Bankshares cut shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a report on Tuesday. Desjardins began coverage on shares of Ero Copper in a research report on Friday, April 4th. They set a "hold" rating for the company. Wall Street Zen upgraded shares of Ero Copper from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. National Bank Financial downgraded shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a research note on Wednesday. Finally, Raymond James Financial upgraded shares of Ero Copper to a "moderate buy" rating in a report on Monday, June 30th. Three 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.

Ero Copper Trading Down 2.7%

Shares of ERO stock opened at $15.78 on Wednesday. The company has a 50 day moving average of $14.86 and a 200-day moving average of $13.54. The firm has a market cap of $1.63 billion, a P/E ratio of 92.83 and a beta of 1.18. Ero Copper has a 12-month low of $9.30 and a 12-month high of $23.40. The company has a quick ratio of 0.80, a current ratio of 1.05 and a debt-to-equity ratio of 0.83.

Ero Copper (NYSE:ERO - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $125.10 million for the quarter, compared to analysts' expectations of $179.45 million. Ero Copper had a net margin of 3.87% and a return on equity of 14.24%. Sell-side analysts anticipate that Ero Copper will post 0.71 earnings per share for the current year.

Institutional Investors Weigh In On Ero Copper

Several large investors have recently modified their holdings of ERO. Raymond James Financial Inc. purchased a new stake in Ero Copper during the 4th quarter worth about $991,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Ero Copper during the 1st quarter worth approximately $255,000. Bank of America Corp DE lifted its position in Ero Copper by 46.2% during the 4th quarter. Bank of America Corp DE now owns 412,925 shares of the company's stock worth $5,566,000 after acquiring an additional 130,524 shares in the last quarter. Pinpoint Asset Management Ltd increased its holdings in Ero Copper by 75.4% during the 4th quarter. Pinpoint Asset Management Ltd now owns 74,323 shares of the company's stock worth $1,002,000 after purchasing an additional 31,951 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ero Copper by 5.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,527,158 shares of the company's stock valued at $47,529,000 after purchasing an additional 176,637 shares in the last quarter. Hedge funds and other institutional investors own 71.30% of the company's stock.

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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