Ero Copper Corp. (NYSE:ERO) Receives Average Rating of “Buy” from Analysts

Shares of Ero Copper Corp. (NYSE:ERO) have been given a consensus rating of “Buy” by the twelve analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $26.33.

Several equities research analysts have recently weighed in on ERO shares. Raymond James reissued an “outperform” rating on shares of Ero Copper in a report on Friday, April 4th. BMO Capital Markets assumed coverage on shares of Ero Copper in a research note on Wednesday, April 16th. They issued an “outperform” rating on the stock. TD Securities reissued a “buy” rating on shares of Ero Copper in a report on Wednesday. TD Cowen raised Ero Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Finally, National Bankshares upgraded Ero Copper from a “sector perform” rating to an “outperform” rating in a research note on Tuesday.

Ero Copper Price Performance

Shares of ERO opened at $13.39 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. Ero Copper has a 1-year low of $9.30 and a 1-year high of $24.34. The stock has a market cap of $1.39 billion, a PE ratio of 78.76 and a beta of 1.10. The firm has a fifty day moving average price of $12.11 and a 200 day moving average price of $13.75.

Ero Copper (NYSE:ERO) last posted its earnings results on Monday, May 5th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.18. The business had revenue of $125.10 million during the quarter, compared to the consensus estimate of $179.45 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. As a group, sell-side 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 ERO. Acuitas Investments LLC acquired a new stake in Ero Copper in the first quarter valued at $39,000. State of Wyoming purchased a new stake in Ero Copper during the fourth quarter worth about $76,000. Synergy Asset Management LLC purchased a new stake in Ero Copper during the fourth quarter worth about $78,000. Northwest & Ethical Investments L.P. grew its position in Ero Copper by 19.1% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock worth $88,000 after buying an additional 1,050 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Ero Copper in the fourth quarter valued at about $125,000. 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.