Ero Copper (NYSE:ERO) Rating Increased to Strong-Buy at Wall Street Zen

Ero Copper (NYSE:ERO - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.

ERO has been the topic of several other reports. National Bank Financial raised Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. TD Cowen raised Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. BMO Capital Markets began coverage on Ero Copper in a research note on Wednesday, April 16th. They set an "outperform" rating for the company. Raymond James reissued an "outperform" rating on shares of Ero Copper in a report on Friday, April 4th. Finally, TD Securities reissued a "buy" rating on shares of Ero Copper in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Ero Copper has an average rating of "Buy" and an average target price of $26.33.

Ero Copper Stock Down 1.4%

Ero Copper stock traded down $0.20 during trading hours on Friday, hitting $14.11. 542,124 shares of the stock traded hands, compared to its average volume of 400,149. The firm's 50-day moving average price is $12.34 and its two-hundred day moving average price is $13.35. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.46 billion, a PE ratio of 83.00 and a beta of 1.10. Ero Copper has a one year low of $9.30 and a one year high of $23.53.

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 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 11.30% and a net margin of 3.67%. On average, research analysts forecast that Ero Copper will post 0.71 EPS for the current year.

Institutional Investors Weigh In On Ero Copper

Several institutional investors have recently modified their holdings of ERO. Acuitas Investments LLC purchased a new stake in shares of Ero Copper during the first quarter valued at $39,000. State of Wyoming purchased a new stake in shares of Ero Copper during the fourth quarter valued at $76,000. Synergy Asset Management LLC purchased a new stake in shares of Ero Copper during the fourth quarter valued at $78,000. Northwest & Ethical Investments L.P. boosted its position in shares of Ero Copper by 19.1% during the fourth 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 last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Ero Copper during the fourth quarter valued at $125,000. 71.30% of the stock is owned by hedge funds and other 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.