Ero Copper (NYSE:ERO) Upgraded at StockNews.com

StockNews.com upgraded shares of Ero Copper (NYSE:ERO) from a hold rating to a buy rating in a research note published on Wednesday morning.

A number of other brokerages also recently commented on ERO. Desjardins initiated coverage on shares of Ero Copper in a research report on Friday, April 4th. They issued a “hold” rating on the stock. National Bankshares raised Ero Copper from a “sector perform” rating to an “outperform” rating in a report on Tuesday. TD Cowen raised Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. BMO Capital Markets initiated coverage on Ero Copper in a research note on Wednesday, April 16th. They set an “outperform” rating for the company. Finally, Raymond James reissued an “outperform” rating on shares of Ero Copper in a report on Friday, April 4th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $26.33.

Ero Copper Stock Performance

NYSE ERO opened at $13.39 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. The company has a market cap of $1.39 billion, a P/E ratio of 78.76 and a beta of 1.10. The stock has a 50-day moving average of $12.11 and a two-hundred day moving average of $13.79. Ero Copper has a 1-year low of $9.30 and a 1-year high of $24.34.

Ero Copper (NYSE:ERO) last released its earnings results on Monday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.18. The company had revenue of $125.10 million for the quarter, compared to analyst estimates of $179.45 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. As a group, analysts anticipate that Ero Copper will post 0.71 EPS for the current year.

Institutional Trading of Ero Copper

A number of institutional investors have recently modified their holdings of the business. J. Safra Sarasin Holding AG raised its position in Ero Copper by 3.2% in the first quarter. J. Safra Sarasin Holding AG now owns 24,266 shares of the company’s stock worth $294,000 after acquiring an additional 753 shares in the last quarter. Northwest & Ethical Investments L.P. increased 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 valued at $88,000 after purchasing an additional 1,050 shares in the last quarter. Sentry Investment Management LLC lifted its stake in shares of Ero Copper by 5.8% in the fourth quarter. Sentry Investment Management LLC now owns 21,716 shares of the company’s stock valued at $293,000 after purchasing an additional 1,188 shares during the period. Swiss National Bank boosted its holdings in Ero Copper by 0.6% during the fourth quarter. Swiss National Bank now owns 194,100 shares of the company’s stock worth $2,616,000 after buying an additional 1,200 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC grew its position in Ero Copper by 12.6% during the fourth quarter. BTG Pactual Asset Management US LLC now owns 13,173 shares of the company’s stock worth $178,000 after buying an additional 1,473 shares during the period. 71.30% of the stock is currently owned by hedge funds and other 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.