Ero Copper (NYSE:ERO) Trading Down 2.8% - Should You Sell?

Ero Copper Corp. (NYSE:ERO - Get Free Report)'s stock price was down 2.8% during trading on Thursday . The stock traded as low as $17.01 and last traded at $16.97. Approximately 130,642 shares were traded during trading, a decline of 69% from the average daily volume of 415,259 shares. The stock had previously closed at $17.46.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Ero Copper from a "buy" rating to a "strong-buy" rating in a research note 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 started coverage on shares of Ero Copper in a research note on Wednesday, April 16th. They set an "outperform" rating for the company. National Bank Financial raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Desjardins began coverage on shares of Ero Copper in a research note on Friday, April 4th. They issued a "hold" rating on the stock. One analyst has rated the stock with a hold rating, seven have given 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 a consensus price target of $26.33.

Ero Copper Price Performance

The business's 50 day moving average price is $14.56 and its 200-day moving average price is $13.45. 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 company has a market cap of $1.76 billion, a PE ratio of 99.83 and a beta of 1.18.

Ero Copper (NYSE:ERO - Get Free Report) last released its quarterly earnings results 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 3.87% and a return on equity of 14.24%. The business had revenue of $125.10 million during the quarter, compared to analyst estimates of $179.45 million. As a group, analysts forecast that Ero Copper Corp. will post 0.71 earnings per share for the current year.

Institutional Trading of Ero Copper

Hedge funds and other institutional investors have recently modified their holdings of the business. Acuitas Investments LLC bought a new stake in shares of Ero Copper in the first quarter worth $39,000. State of Wyoming bought a new stake in shares of Ero Copper in the 4th quarter worth about $76,000. Northwest & Ethical Investments L.P. raised 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. lifted its position in shares of Ero Copper by 128.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company's stock worth $143,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in Ero Copper by 59.5% in the fourth quarter. Deutsche Bank AG now owns 10,700 shares of the company's stock worth $144,000 after purchasing an additional 3,990 shares in the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

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.

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