Ero Copper (NYSE:ERO) Lowered to "Buy" Rating by Wall Street Zen

Wall Street Zen cut shares of Ero Copper (NYSE:ERO - Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.

ERO has been the topic of a number of other reports. National Bankshares cut shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a research note on Tuesday, July 8th. National Bank Financial downgraded shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a report on Wednesday, July 9th. Stifel Nicolaus started coverage on shares of Ero Copper in a report on Wednesday, July 9th. They set a "buy" rating for the company. BMO Capital Markets reiterated an "outperform" rating on shares of Ero Copper in a report on Friday, July 4th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Ero Copper in a research report on Tuesday, July 8th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Ero Copper presently has an average rating of "Moderate Buy" and a consensus price target of $23.50.

Ero Copper Trading Down 1.5%

ERO traded down $0.22 during trading hours on Friday, reaching $14.46. 577,816 shares of the company's stock traded hands, compared to its average volume of 445,457. The company has a quick ratio of 0.80, a current ratio of 1.05 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average price of $15.03 and a 200 day moving average price of $13.57. The firm has a market capitalization of $1.50 billion, a PE ratio of 85.01 and a beta of 1.18. Ero Copper has a 52-week low of $9.30 and a 52-week high of $23.40.

Ero Copper (NYSE:ERO - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.18. The company had revenue of $125.10 million for the quarter, compared to the consensus estimate 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 predict that Ero Copper will post 0.71 EPS for the current fiscal year.

Institutional Trading of Ero Copper

Several institutional investors and hedge funds have recently made changes to their positions in ERO. J. Safra Sarasin Holding AG boosted its position in Ero Copper by 3.2% in the first quarter. J. Safra Sarasin Holding AG now owns 24,266 shares of the company's stock valued at $294,000 after buying an additional 753 shares during the last quarter. PenderFund Capital Management Ltd. grew its holdings in Ero Copper by 0.7% in the 1st quarter. PenderFund Capital Management Ltd. now owns 123,492 shares of the company's stock valued at $1,497,000 after buying an additional 836 shares in the last quarter. Northwest & Ethical Investments L.P. grew its holdings in Ero Copper by 19.1% in 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 in the last quarter. Swiss National Bank grew its holdings in shares of Ero Copper by 0.6% during the 4th quarter. Swiss National Bank now owns 194,100 shares of the company's stock worth $2,616,000 after purchasing an additional 1,200 shares during the period. Finally, BTG Pactual Asset Management US LLC grew its holdings in shares of Ero Copper by 12.6% during the 4th quarter. BTG Pactual Asset Management US LLC now owns 13,173 shares of the company's stock worth $178,000 after purchasing an additional 1,473 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.