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

Stifel Canada upgraded shares of Ero Copper (NYSE:ERO - Free Report) to a strong-buy rating in a 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.

Several other equities analysts have also recently commented on ERO. National Bank Financial cut Ero Copper from an "outperform" rating to a "sector perform" rating in a research note on Wednesday. Stifel Nicolaus initiated coverage on shares of Ero Copper in a research note on Wednesday. They set a "buy" rating on the stock. BMO Capital Markets reissued an "outperform" rating on shares of Ero Copper in a report on Friday, July 4th. Desjardins began coverage on shares of Ero Copper in a research note on Friday, April 4th. They issued a "hold" rating on the stock. Finally, Wall Street Zen raised shares of Ero Copper from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Three equities research 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. According to MarketBeat, Ero Copper has a consensus rating of "Moderate Buy" and an average price target of $23.50.

Ero Copper Stock Up 2.3%

Shares of Ero Copper stock traded up $0.34 during trading hours on Tuesday, hitting $15.10. 1,807,626 shares of the company's stock traded hands, compared to its average volume of 443,624. Ero Copper has a twelve month low of $9.30 and a twelve month high of $23.40. The company has a market cap of $1.56 billion, a PE ratio of 88.83 and a beta of 1.18. 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 stock has a 50 day simple moving average of $14.99 and a 200-day simple moving average of $13.56.

Ero Copper (NYSE:ERO - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.18. Ero Copper had a return on equity of 14.24% and a net margin of 3.87%. The firm had revenue of $125.10 million during the quarter, compared to the consensus estimate of $179.45 million. Equities research analysts anticipate that Ero Copper will post 0.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Acuitas Investments LLC bought a new position in Ero Copper in the first quarter worth about $39,000. State of Wyoming acquired a new stake in shares of Ero Copper during the 4th quarter worth approximately $76,000. Northwest & Ethical Investments L.P. lifted its holdings 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 worth $88,000 after purchasing an additional 1,050 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in Ero Copper by 128.4% during 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 during the period. Finally, Deutsche Bank AG boosted its position in Ero Copper by 59.5% during 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 during the period. 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.