Wall Street Zen Downgrades Ero Copper (NYSE:ERO) to Buy

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

A number of other equities analysts also recently commented on the company. BMO Capital Markets restated an "outperform" rating on shares of Ero Copper in a report on Friday, July 4th. Stifel Nicolaus started coverage on Ero Copper in a report on Wednesday. They issued a "buy" rating on the stock. TD Securities restated a "buy" rating on shares of Ero Copper in a report on Wednesday, May 7th. National Bankshares downgraded Ero Copper from an "outperform" rating to a "sector perform" rating in a report on Tuesday. Finally, Stifel Canada upgraded Ero Copper to a "strong-buy" rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Ero Copper presently has an average rating of "Moderate Buy" and a consensus price target of $26.33.

Ero Copper Stock Up 2.3%

Shares of NYSE ERO traded up $0.34 during mid-day trading on Friday, reaching $15.10. The company had a trading volume of 1,807,626 shares, compared to its average volume of 443,450. The stock has a fifty day moving average of $14.99 and a two-hundred day moving average of $13.56. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.80 and a current ratio of 1.05. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 88.83 and a beta of 1.18. Ero Copper has a 12-month low of $9.30 and a 12-month high of $23.40.

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, topping analysts' consensus estimates of $0.17 by $0.18. The business had revenue of $125.10 million during the quarter, compared to analyst estimates of $179.45 million. Ero Copper had a net margin of 3.87% and a return on equity of 14.24%. As a group, equities research analysts expect that Ero Copper will post 0.71 EPS for the current year.

Institutional Investors Weigh In On Ero Copper

A number of institutional investors have recently bought and sold shares of ERO. Acuitas Investments LLC bought a new position in shares of Ero Copper during the first quarter valued at $39,000. State of Wyoming acquired a new stake in shares of Ero Copper in the 4th quarter valued at $76,000. Northwest & Ethical Investments L.P. boosted its stake in shares of 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 purchasing an additional 1,050 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Ero Copper by 128.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company's stock valued at $143,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Ero Copper by 59.5% in the 4th quarter. Deutsche Bank AG now owns 10,700 shares of the company's stock valued at $144,000 after purchasing an additional 3,990 shares in the last quarter. 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.