Ero Copper (NYSE:ERO) Raised to "Strong-Buy" at Stifel Canada

Stifel Canada upgraded shares of Ero Copper (NYSE:ERO - Free Report) to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports. Stifel Canada also issued estimates for Ero Copper's FY2028 earnings at $1.58 EPS and FY2029 earnings at $1.85 EPS.

ERO has been the topic of a number of other reports. TD Securities reaffirmed a "buy" rating on shares of Ero Copper in a research note on Wednesday, May 7th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Ero Copper in a research note on Friday, July 4th. National Bank Financial lowered shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a research note on Wednesday. Raymond James Financial raised shares of Ero Copper to a "moderate buy" rating in a research note on Monday, June 30th. Finally, Stifel Nicolaus assumed coverage on shares of Ero Copper in a research note on Wednesday. They issued a "buy" rating on the stock. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Ero Copper currently has an average rating of "Buy" and an average price target of $26.33.

Ero Copper Stock Up 1.8%

NYSE ERO traded up $0.27 on Tuesday, hitting $15.03. 1,433,802 shares of the company were exchanged, compared to its average volume of 441,324. The company has a market cap of $1.56 billion, a PE ratio of 88.39 and a beta of 1.18. Ero Copper has a 12 month low of $9.30 and a 12 month high of $23.40. The stock has a fifty day moving average of $14.94 and a 200-day moving average of $13.55. The company has a current ratio of 1.05, a quick ratio of 0.80 and a debt-to-equity ratio of 0.83.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Canoe Financial LP increased its holdings in Ero Copper by 6.6% during the second quarter. Canoe Financial LP now owns 33,756 shares of the company's stock worth $571,000 after buying an additional 2,100 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Ero Copper by 82.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 275,598 shares of the company's stock worth $3,340,000 after purchasing an additional 124,179 shares in the last quarter. Empowered Funds LLC purchased a new stake in Ero Copper in the 1st quarter worth approximately $356,000. Dynamic Technology Lab Private Ltd purchased a new stake in Ero Copper in the 1st quarter worth approximately $217,000. Finally, Temasek Holdings Private Ltd lifted its position in Ero Copper by 8.5% during the first quarter. Temasek Holdings Private Ltd now owns 643,221 shares of the company's stock valued at $7,796,000 after purchasing an additional 50,400 shares during the last quarter. 71.30% of the stock is 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.