Ero Copper's (ERO) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• Ero Copper's stock retains a "hold (c)" rating from Weiss Ratings, amidst other mixed analysts' opinions including upgrades to "buy" from Wall Street Zen and Raymond James Financial.
• The company reported $0.46 EPS for its last quarter, exceeding expectations, but its revenue of $163.50 million fell short of analyst estimates.
• Ero Copper trades between a 12-month low of $9.30 and a high of $23.54, with a current market cap of $2.43 billion and a consensus rating of "Moderate Buy."

Ero Copper (NYSE:ERO - Get Free Report)'s stock had its "hold (c)" rating restated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a research report on Monday. Raymond James Financial upgraded shares of Ero Copper to a "moderate buy" rating in a research report on Monday, June 30th. National Bank Financial lowered shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, July 9th. Stifel Nicolaus started coverage on shares of Ero Copper in a research report on Wednesday, July 9th. They set a "buy" rating for the company. Finally, National Bankshares reiterated a "sector perform" rating on shares of Ero Copper in a research report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ero Copper has a consensus rating of "Moderate Buy" and an average price target of $19.00.

Ero Copper Price Performance

ERO stock opened at $23.43 on Wednesday. The firm has a 50 day moving average of $16.12 and a 200-day moving average of $14.58. 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 has a 12 month low of $9.30 and a 12 month high of $23.54. The firm has a market capitalization of $2.43 billion, a P/E ratio of 17.10 and a beta of 1.24.

Ero Copper (NYSE:ERO - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.13. Ero Copper had a net margin of 26.63% and a return on equity of 17.96%. The company had revenue of $163.50 million during the quarter, compared to analyst estimates of $263.23 million. As a group, sell-side analysts predict that Ero Copper will post 0.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ero Copper

A number of hedge funds have recently made changes to their positions in ERO. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Ero Copper in the 1st quarter worth approximately $255,000. Acuitas Investments LLC bought a new stake in Ero Copper during the 1st quarter valued at $39,000. D.A. Davidson & CO. bought a new stake in Ero Copper during the 1st quarter valued at $345,000. Envestnet Asset Management Inc. raised its holdings in Ero Copper by 5.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 55,103 shares of the company's stock valued at $668,000 after buying an additional 2,958 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. raised its holdings in Ero Copper by 0.8% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 781,932 shares of the company's stock valued at $9,470,000 after buying an additional 6,576 shares during the last quarter. 71.30% of the stock is currently owned by 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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