Ero Copper (NYSE:ERO) Upgraded at National Bank Financial

Ero Copper (NYSE:ERO - Get Free Report) was upgraded by equities researchers at National Bank Financial from a "hold" rating to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.

Several other analysts also recently commented on the stock. BMO Capital Markets assumed coverage on shares of Ero Copper in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. TD Securities reissued a "buy" rating on shares of Ero Copper in a report on Wednesday. TD Cowen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. StockNews.com raised shares of Ero Copper from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Desjardins initiated coverage on shares of Ero Copper in a report on Friday, April 4th. They issued a "hold" rating on the stock. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Ero Copper presently has a consensus rating of "Buy" and a consensus price target of $26.33.

Ero Copper Stock Down 5.5 %

ERO stock opened at $13.38 on Tuesday. Ero Copper has a fifty-two week low of $9.30 and a fifty-two week high of $24.34. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 78.69 and a beta of 1.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. The business's 50-day moving average is $12.04 and its two-hundred day moving average is $13.87.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.35 EPS 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 the consensus estimate of $179.45 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. As a group, analysts forecast that Ero Copper will post 0.71 earnings per share for the current year.

Hedge Funds Weigh In On Ero Copper

Several institutional investors have recently bought and sold shares of ERO. Jennison Associates LLC grew its holdings in Ero Copper by 3.5% during the fourth quarter. Jennison Associates LLC now owns 5,909,627 shares of the company's stock worth $79,645,000 after acquiring an additional 198,800 shares during the period. Invesco Ltd. grew its position in Ero Copper by 22.6% during the fourth quarter. Invesco Ltd. now owns 3,890,977 shares of the company's stock worth $52,450,000 after buying an additional 715,999 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ero Copper by 5.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,527,158 shares of the company's stock valued at $47,529,000 after acquiring an additional 176,637 shares during the period. 683 Capital Management LLC grew its holdings in shares of Ero Copper by 20.4% in the 4th quarter. 683 Capital Management LLC now owns 2,468,367 shares of the company's stock worth $33,272,000 after acquiring an additional 418,367 shares during the period. Finally, Boston Partners increased its stake in Ero Copper by 66.9% in the 4th quarter. Boston Partners now owns 1,101,265 shares of the company's stock valued at $14,850,000 after purchasing an additional 441,413 shares in the last quarter. 71.30% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.