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

Shares of Ero Copper Corp. (NYSE:ERO - Get Free Report) have received a consensus rating of "Buy" from the eight analysts that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $26.33.

A number of equities analysts have weighed in on ERO shares. StockNews.com upgraded Ero Copper from a "sell" rating to a "hold" rating in a report on Friday, October 25th. The Goldman Sachs Group started coverage on shares of Ero Copper in a research note on Monday, December 2nd. They issued a "buy" rating and a $19.00 target price for the company.

Institutional Trading of Ero Copper

Several institutional investors have recently added to or reduced their stakes in ERO. Tidal Investments LLC increased its position in shares of Ero Copper by 142.5% in the 3rd quarter. Tidal Investments LLC now owns 51,557 shares of the company's stock worth $1,149,000 after purchasing an additional 30,299 shares during the last quarter. Barclays PLC increased its holdings in Ero Copper by 64.4% in the third quarter. Barclays PLC now owns 33,987 shares of the company's stock valued at $757,000 after buying an additional 13,309 shares during the last quarter. Toronto Dominion Bank raised its stake in Ero Copper by 2,172.6% during the third quarter. Toronto Dominion Bank now owns 57,702 shares of the company's stock valued at $1,285,000 after buying an additional 55,163 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Ero Copper by 16.1% during the 3rd quarter. Geode Capital Management LLC now owns 46,940 shares of the company's stock worth $1,050,000 after buying an additional 6,521 shares during the last quarter. Finally, Impala Asset Management LLC grew its position in shares of Ero Copper by 12.7% in the 3rd quarter. Impala Asset Management LLC now owns 2,209,610 shares of the company's stock worth $49,208,000 after acquiring an additional 248,390 shares in the last quarter. 71.30% of the stock is owned by institutional investors and hedge funds.

Ero Copper Stock Up 3.5 %

Shares of ERO traded up $0.48 during midday trading on Monday, reaching $14.30. 338,537 shares of the company were exchanged, compared to its average volume of 449,046. Ero Copper has a 1-year low of $12.78 and a 1-year high of $24.34. The stock has a 50-day moving average price of $15.30 and a 200-day moving average price of $18.68. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 84.12 and a beta of 1.15.

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.