Ero Copper (NYSE:ERO) Stock Price Down 3.8%

Ero Copper Corp. (NYSE:ERO - Get Free Report) shares were down 3.8% during trading on Monday . The company traded as low as $19.05 and last traded at $19.38. Approximately 139,849 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 324,474 shares. The stock had previously closed at $20.14.

Analysts Set New Price Targets

ERO has been the topic of several recent research reports. 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. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Ero Copper currently has a consensus rating of "Hold" and an average price target of $24.00.

Ero Copper Trading Down 3.6 %

The company has a quick ratio of 0.94, a current ratio of 1.23 and a debt-to-equity ratio of 0.65. The firm's 50-day simple moving average is $18.36 and its 200 day simple moving average is $15.86. The firm has a market cap of $1.99 billion, a P/E ratio of 19.81 and a beta of 1.26.

Ero Copper (NYSE:ERO - Get Free Report) last posted 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 return on equity of 13.16% and a net margin of 21.71%. The company had revenue of $116.41 million during the quarter, compared to the consensus estimate of $104.20 million. During the same period in the previous year, the business earned $0.24 earnings per share. As a group, analysts expect that Ero Copper Corp. will post 1.49 earnings per share for the current year.

Hedge Funds Weigh In On Ero Copper

Hedge funds have recently modified their holdings of the company. Acuitas Investments LLC grew its stake in Ero Copper by 61.5% in the fourth quarter. Acuitas Investments LLC now owns 2,100 shares of the company's stock worth $33,000 after purchasing an additional 800 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Ero Copper in the 4th quarter worth $79,000. Quantbot Technologies LP bought a new position in shares of Ero Copper in the third quarter worth about $131,000. Vanguard Personalized Indexing Management LLC raised its stake in Ero Copper by 7.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,636 shares of the company's stock worth $201,000 after acquiring an additional 843 shares during the period. Finally, Keybank National Association OH lifted its stake in shares of Ero Copper by 13.3% during the 3rd quarter. Keybank National Association OH now owns 13,310 shares of the company's stock valued at $229,000 after buying an additional 1,560 shares in the last quarter. Hedge funds and other institutional investors 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.