Ero Copper (NYSE:ERO) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Ero Copper (NYSE:ERO) to a moderate buy rating in a research report sent to investors on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Desjardins started coverage on shares of Ero Copper in a research report on Friday, April 4th. They issued a “hold” rating for the company. BMO Capital Markets started coverage on shares of Ero Copper in a research report on Wednesday, April 16th. They issued an “outperform” rating for the company. National Bank Financial raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. Wall Street Zen raised shares of Ero Copper from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 24th. Finally, National Bankshares raised shares of Ero Copper from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Ero Copper has a consensus rating of “Buy” and a consensus price target of $26.33.

Ero Copper Stock Performance

Shares of ERO opened at $17.44 on Monday. The company has a current ratio of 1.05, a quick ratio of 0.80 and a debt-to-equity ratio of 0.83. The stock has a market cap of $1.81 billion, a P/E ratio of 102.59 and a beta of 1.18. The company has a 50-day moving average of $14.56 and a two-hundred day moving average of $13.45. Ero Copper has a 12-month low of $9.30 and a 12-month high of $23.40.

Ero Copper (NYSE:ERO) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.18. The business had revenue of $125.10 million during the quarter, compared to analyst estimates of $179.45 million. Ero Copper had a net margin of 3.87% and a return on equity of 14.24%. As a group, research analysts predict that Ero Copper will post 0.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Ero Copper

Large investors have recently made changes to their positions in the company. Acuitas Investments LLC acquired a new stake in shares of Ero Copper in the first quarter valued at approximately $39,000. State of Wyoming bought a new position in shares of Ero Copper in the fourth quarter valued at approximately $76,000. Northwest & Ethical Investments L.P. boosted its holdings in shares of Ero Copper by 19.1% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock valued at $88,000 after acquiring an additional 1,050 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Ero Copper by 128.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company’s stock valued at $143,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Ero Copper by 59.5% in the fourth quarter. Deutsche Bank AG now owns 10,700 shares of the company’s stock valued at $144,000 after acquiring an additional 3,990 shares in the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.

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.