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

Shares of Ero Copper Corp. (NYSE:ERO - Get Free Report) have been given an average recommendation of "Buy" by the eight ratings firms that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $26.33.

ERO has been the subject of several research analyst reports. StockNews.com raised shares of Ero Copper from a "sell" rating to a "hold" rating in a research note on Friday, October 25th. The Goldman Sachs Group initiated coverage on shares of Ero Copper in a research note on Monday, December 2nd. They set a "buy" rating and a $19.00 target price for the company.

Ero Copper Stock Performance

ERO traded down $0.07 during trading on Friday, hitting $13.34. The company's stock had a trading volume of 225,532 shares, compared to its average volume of 409,368. The business's 50 day simple moving average is $14.07 and its 200-day simple moving average is $17.57. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.38 billion, a PE ratio of 78.44 and a beta of 1.14. Ero Copper has a one year low of $12.78 and a one year high of $24.34.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.05. The firm had revenue of $124.80 million during the quarter, compared to analysts' expectations of $148.80 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. During the same period in the prior year, the company posted $0.18 earnings per share. As a group, sell-side analysts predict that Ero Copper will post 0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Ero Copper

Institutional investors and hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC purchased a new position in shares of Ero Copper in the 3rd quarter worth $38,000. Synergy Asset Management LLC bought a new stake in shares of Ero Copper in the 4th quarter worth about $78,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Ero Copper in the 4th quarter worth about $125,000. Sentry Investment Management LLC bought a new stake in shares of Ero Copper in the 3rd quarter worth about $457,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ero Copper by 6.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,408 shares of the company's stock worth $522,000 after acquiring an additional 1,475 shares during the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

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.