Ero Copper (NYSE:ERO) Upgraded at Atb Cormark Cm

Atb Cormark Cm upgraded shares of Ero Copper (NYSE:ERO) to a moderate buy rating in a research report released on Friday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Ventum Cap Mkts upgraded shares of Ero Copper to a “strong-buy” rating in a research report on Monday, November 3rd. The Goldman Sachs Group upped their price target on shares of Ero Copper from $25.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Jefferies Financial Group downgraded Ero Copper from a “buy” rating to a “hold” rating in a report on Sunday, December 7th. Raymond James Financial reaffirmed an “outperform” rating on shares of Ero Copper in a report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ero Copper in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.50.

Ero Copper Price Performance

Shares of ERO stock opened at $30.64 on Friday. The business has a fifty day simple moving average of $29.12 and a 200 day simple moving average of $22.14. The company has a market cap of $3.19 billion, a P/E ratio of 23.04 and a beta of 1.20. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 0.64. Ero Copper has a twelve month low of $9.30 and a twelve month high of $39.80.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ERO. FNY Investment Advisers LLC bought a new stake in shares of Ero Copper in the 4th quarter valued at $25,000. Banque Cantonale Vaudoise acquired a new position in Ero Copper in the third quarter valued at $111,000. SG Americas Securities LLC bought a new stake in Ero Copper during the fourth quarter valued at $115,000. Shay Capital LLC acquired a new stake in Ero Copper during the 3rd quarter worth about $202,000. Finally, Versor Investments LP bought a new position in shares of Ero Copper in the 3rd quarter worth about $217,000. Institutional investors own 71.30% of the company’s stock.

About Ero Copper

Ero Copper Corp (NYSE: ERO) is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.

The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.