Ero Copper Corp. (NYSE:ERO) Given Consensus Recommendation of “Hold” by Brokerages

Ero Copper Corp. (NYSE:ERO) has been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $25.00.

ERO has been the subject of a number of recent analyst reports. TD Securities cut Ero Copper from a “buy” rating to a “hold” rating in a research report on Tuesday, October 21st. The Goldman Sachs Group boosted their price objective on shares of Ero Copper from $18.50 to $25.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Stifel Canada downgraded Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Ventum Cap Mkts upgraded Ero Copper to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Zacks Research cut shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th.

Institutional Trading of Ero Copper

A number of large investors have recently bought and sold shares of the business. Northwest & Ethical Investments L.P. raised its position in Ero Copper by 22.6% in the first quarter. Northwest & Ethical Investments L.P. now owns 8,033 shares of the company’s stock worth $97,000 after acquiring an additional 1,483 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Ero Copper in the third quarter valued at about $111,000. Letko Brosseau & Associates Inc. purchased a new stake in Ero Copper in the 1st quarter valued at approximately $176,000. Virtu Financial LLC purchased a new stake in shares of Ero Copper in the first quarter valued at $180,000. Finally, XTX Topco Ltd purchased a new position in Ero Copper in the 1st quarter valued at about $188,000. Institutional investors and hedge funds own 71.30% of the company’s stock.

Ero Copper Stock Performance

Shares of ERO opened at $24.17 on Thursday. The stock has a fifty day moving average price of $21.16 and a 200-day moving average price of $17.04. The firm has a market cap of $2.50 billion, a PE ratio of 17.64 and a beta of 1.25. The company has a current ratio of 1.05, a quick ratio of 0.80 and a debt-to-equity ratio of 0.83. Ero Copper has a 12 month low of $9.30 and a 12 month high of $24.48.

Ero Copper (NYSE:ERO) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). The business had revenue of $177.10 million during the quarter, compared to analyst estimates of $309.30 million. Ero Copper had a return on equity of 17.96% and a net margin of 26.63%. Equities research analysts predict that Ero Copper will post 0.71 earnings per share for the current fiscal year.

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.