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

Stifel Nicolaus initiated coverage on shares of Ero Copper (NYSE:ERO - Free Report) in a research report released on Wednesday morning, Marketbeat.com reports. The firm issued a buy rating on the stock.

Several other research firms also recently weighed in on ERO. Desjardins began coverage on shares of Ero Copper in a research report on Friday, April 4th. They set a "hold" rating for the company. Raymond James Financial upgraded shares of Ero Copper to a "moderate buy" rating in a research report on Monday, June 30th. National Bank Financial downgraded shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a research report on Wednesday. National Bankshares downgraded shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a report on Tuesday. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Ero Copper in a report on Friday, July 4th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $26.33.

Ero Copper Price Performance

Shares of Ero Copper stock traded up $0.34 during trading hours on Wednesday, reaching $15.10. The stock had a trading volume of 1,807,626 shares, compared to its average volume of 443,624. The stock's 50 day moving average is $14.99 and its 200 day moving average is $13.56. The firm has a market capitalization of $1.56 billion, a PE ratio of 88.83 and a beta of 1.18. Ero Copper has a twelve month low of $9.30 and a twelve month high of $23.40. The company has a current ratio of 1.05, a quick ratio of 0.80 and a debt-to-equity ratio of 0.83.

Ero Copper (NYSE:ERO - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.18. Ero Copper had a net margin of 3.87% and a return on equity of 14.24%. The business had revenue of $125.10 million during the quarter, compared to analysts' expectations of $179.45 million. Equities analysts expect that Ero Copper will post 0.71 earnings per share for the current fiscal year.

Institutional Trading of Ero Copper

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acuitas Investments LLC purchased a new stake in shares of Ero Copper during the 1st quarter valued at approximately $39,000. State of Wyoming purchased a new stake in shares of Ero Copper during the 4th quarter valued at approximately $76,000. Northwest & Ethical Investments L.P. raised its position 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 valued at $88,000 after buying an additional 1,050 shares during the period. TD Waterhouse Canada Inc. raised its position 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 raised its position in shares of Ero Copper by 59.5% during the 4th quarter. Deutsche Bank AG now owns 10,700 shares of the company's stock valued at $144,000 after buying an additional 3,990 shares during the period. Institutional investors and hedge funds 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.