Ero Copper (NYSE:ERO) Earns Buy Rating from Analysts at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Ero Copper (NYSE:ERO - Free Report) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating on the stock.

ERO has been the topic of several other research reports. Wall Street Zen upgraded Ero Copper from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. TD Securities restated a "buy" rating on shares of Ero Copper in a report on Wednesday, May 7th. BMO Capital Markets restated an "outperform" rating on shares of Ero Copper in a report on Friday, July 4th. National Bank Financial cut Ero Copper from an "outperform" rating to a "sector perform" rating in a report on Wednesday. Finally, Desjardins began coverage on Ero Copper in a report on Friday, April 4th. They set a "hold" rating on the stock. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $26.33.

Ero Copper Trading Up 3.7%

Ero Copper stock traded up $0.53 during mid-day trading on Wednesday, hitting $14.81. The stock had a trading volume of 992,161 shares, compared to its average volume of 434,232. The stock has a 50-day simple moving average of $14.90 and a two-hundred day simple moving average of $13.54. The stock has a market capitalization of $1.53 billion, a PE ratio of 86.95 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 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 posted its quarterly earnings results on Monday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.18. The business had revenue of $125.10 million for the quarter, compared to analysts' expectations of $179.45 million. Ero Copper had a return on equity of 14.24% and a net margin of 3.87%. As a group, sell-side analysts forecast that Ero Copper will post 0.71 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ERO. Acuitas Investments LLC bought a new position in shares of Ero Copper during the 1st quarter worth approximately $39,000. State of Wyoming bought a new position in shares of Ero Copper during the 4th quarter worth approximately $76,000. Northwest & Ethical Investments L.P. boosted 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 acquiring an additional 1,050 shares during the period. TD Waterhouse Canada Inc. boosted 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 worth $143,000 after acquiring an additional 6,000 shares during the period. Finally, Deutsche Bank AG boosted its stake 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 worth $144,000 after acquiring an additional 3,990 shares during the period. 71.30% of the stock is currently owned by institutional investors.

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.