Ero Copper Corp. (NYSE:ERO) Receives Consensus Rating of "Buy" from Analysts

Shares of Ero Copper Corp. (NYSE:ERO - Get Free Report) have been given an average recommendation of "Buy" by the ten research firms that are covering the company, MarketBeat reports. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $26.33.

A number of analysts have recently issued reports on ERO shares. The Goldman Sachs Group initiated coverage on shares of Ero Copper in a report on Monday, December 2nd. They issued a "buy" rating and a $19.00 price objective on the stock. TD Cowen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Finally, TD Securities upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 12th.

Ero Copper Stock Down 1.6 %

Shares of NYSE:ERO traded down $0.19 during mid-day trading on Tuesday, reaching $11.81. 550,797 shares of the stock were exchanged, compared to its average volume of 499,284. The stock's 50 day simple moving average is $13.68 and its 200-day simple moving average is $16.86. Ero Copper has a one year low of $11.48 and a one year high of $24.34. The company has a market cap of $1.22 billion, a P/E ratio of 69.47 and a beta of 1.14. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71.

Institutional Trading of Ero Copper

Several institutional investors and hedge funds have recently bought and sold shares of the business. State of Wyoming acquired a new stake in Ero Copper during the 4th quarter valued at $76,000. Synergy Asset Management LLC acquired a new stake in shares of Ero Copper during the 4th quarter worth about $78,000. Northwest & Ethical Investments L.P. boosted its holdings in shares of Ero Copper by 19.1% during the 4th 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. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Ero Copper in the 4th quarter valued at about $125,000. Finally, TD Waterhouse Canada Inc. raised its holdings in Ero Copper by 128.4% in the 4th 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 during the period. Institutional investors own 71.30% of the company's stock.

About Ero Copper

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.