Ero Copper Corp. (NYSE:ERO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Ero Copper Corp. (NYSE:ERO) has been given a consensus recommendation of “Moderate Buy” by the nineteen research firms that are currently covering the stock, Marketbeat reports. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $32.50.

Several equities analysts have recently issued reports on ERO shares. Canaccord Genuity Group upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, January 14th. Freedom Capital upgraded shares of Ero Copper to a “strong-buy” rating in a research note on Tuesday, December 30th. Zacks Research raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. TD Securities downgraded shares of Ero Copper from a “buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Finally, Ventum Cap Mkts raised Ero Copper to a “strong-buy” rating in a research report on Monday, November 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ERO. Kingsview Wealth Management LLC acquired a new stake in shares of Ero Copper during the fourth quarter worth about $363,000. Geode Capital Management LLC raised its position in Ero Copper by 17.9% during the 4th quarter. Geode Capital Management LLC now owns 68,394 shares of the company’s stock worth $1,979,000 after buying an additional 10,405 shares during the last quarter. Banque Cantonale Vaudoise lifted its stake in Ero Copper by 36.4% during the 4th quarter. Banque Cantonale Vaudoise now owns 7,500 shares of the company’s stock valued at $212,000 after acquiring an additional 2,000 shares during the period. HighTower Advisors LLC lifted its stake in Ero Copper by 26.7% during the 4th quarter. HighTower Advisors LLC now owns 36,058 shares of the company’s stock valued at $1,020,000 after acquiring an additional 7,607 shares during the period. Finally, Artemis Investment Management LLP purchased a new stake in shares of Ero Copper in the 4th quarter valued at $14,363,000. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

Ero Copper Stock Up 3.7%

Shares of ERO stock opened at $31.73 on Tuesday. The stock’s fifty day moving average price is $29.25 and its 200 day moving average price is $22.26. Ero Copper has a 1-year low of $9.30 and a 1-year high of $39.80. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 23.86 and a beta of 1.20. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.82 and a quick ratio of 0.46.

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.