Ero Copper (NYSE:ERO) Upgraded by Wall Street Zen to "Strong-Buy" Rating

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

A number of other research analysts have also weighed in on the stock. Raymond James reaffirmed an "outperform" rating on shares of Ero Copper in a research note on Friday, April 4th. TD Securities reaffirmed a "buy" rating on shares of Ero Copper in a research note on Wednesday, May 7th. National Bank Financial raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Desjardins initiated coverage on shares of Ero Copper in a research note on Friday, April 4th. They issued a "hold" rating on the stock. Finally, National Bankshares upgraded shares of Ero Copper from a "sector perform" rating to an "outperform" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $26.33.

Ero Copper Stock Down 0.6%

Shares of Ero Copper stock traded down $0.08 during trading on Friday, reaching $14.21. 370,045 shares of the company traded hands, compared to its average volume of 399,309. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. Ero Copper has a 1-year low of $9.30 and a 1-year high of $23.40. The company has a 50 day moving average price of $12.37 and a 200-day moving average price of $13.34. The firm has a market capitalization of $1.47 billion, a PE ratio of 83.59 and a beta of 1.10.

Ero Copper (NYSE:ERO - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.18. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. The firm had revenue of $125.10 million for the quarter, compared to analyst estimates of $179.45 million. As a group, equities research analysts expect that Ero Copper will post 0.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ero Copper

Several institutional investors have recently added to or reduced their stakes in ERO. Acuitas Investments LLC bought a new position in Ero Copper during the first quarter valued at about $39,000. State of Wyoming bought a new position in Ero Copper during the fourth quarter valued at about $76,000. Synergy Asset Management LLC bought a new position in Ero Copper during the fourth quarter valued at about $78,000. Northwest & Ethical Investments L.P. grew its position in 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 period. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new position in Ero Copper during the fourth quarter valued at about $125,000. Institutional investors own 71.30% of the company's stock.

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.