Ero Copper (NYSE:ERO) Coverage Initiated by Analysts at Jefferies Financial Group

Investment analysts at Jefferies Financial Group began coverage on shares of Ero Copper (NYSE:ERO - Get Free Report) in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage set a "hold" rating on the stock.

Other equities analysts have also recently issued reports about the stock. TheStreet upgraded shares of Ero Copper from a "c" rating to a "b-" rating in a research report on Friday, March 8th. Pi Financial upgraded Ero Copper from a "neutral" rating to a "buy" rating in a report on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $24.00.

Ero Copper Price Performance

Shares of NYSE ERO traded up $0.37 during mid-day trading on Friday, hitting $20.81. 321,389 shares of the stock traded hands, compared to its average volume of 344,981. The company has a market cap of $2.14 billion, a PE ratio of 21.23 and a beta of 1.21. Ero Copper has a twelve month low of $11.35 and a twelve month high of $24.38. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.23 and a quick ratio of 0.94. The firm has a 50 day simple moving average of $19.16 and a two-hundred day simple moving average of $16.14.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.16%. The firm had revenue of $116.41 million for the quarter, compared to analyst estimates of $104.20 million. During the same period in the previous year, the business posted $0.24 earnings per share. As a group, equities research analysts forecast that Ero Copper will post 1.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Ero Copper

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Ero Copper by 3.7% in the 3rd quarter. FMR LLC now owns 10,719,365 shares of the company's stock valued at $184,832,000 after purchasing an additional 379,686 shares during the period. Jennison Associates LLC lifted its stake in Ero Copper by 39.0% in the first quarter. Jennison Associates LLC now owns 3,998,246 shares of the company's stock valued at $77,117,000 after buying an additional 1,121,095 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Ero Copper by 25.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,247,918 shares of the company's stock worth $35,715,000 after buying an additional 461,998 shares in the last quarter. Impala Asset Management LLC grew its position in shares of Ero Copper by 23.1% during the 3rd quarter. Impala Asset Management LLC now owns 1,836,510 shares of the company's stock worth $31,661,000 after buying an additional 344,410 shares during the period. Finally, Montrusco Bolton Investments Inc. grew its position in shares of Ero Copper by 31.7% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 845,623 shares of the company's stock worth $13,435,000 after buying an additional 203,613 shares during the period. Institutional investors and hedge funds own 71.30% of the company's stock.

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.