Analysts Set Ero Copper Corp. (NYSE:ERO) Target Price at $26.33

Shares of Ero Copper Corp. (NYSE:ERO - Get Free Report) have earned an average rating of "Buy" from the ten brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $26.33.

Several research analysts recently commented on the stock. Raymond James reaffirmed an "outperform" rating on shares of Ero Copper in a research note on Friday, April 4th. BMO Capital Markets assumed coverage on Ero Copper in a research report on Wednesday. They set an "outperform" rating on the stock. TD Securities upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 12th. TD Cowen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Finally, Desjardins assumed coverage on Ero Copper in a research report on Friday, April 4th. They issued a "hold" rating on the stock.

Ero Copper Price Performance

NYSE ERO traded down $0.01 on Wednesday, reaching $10.93. 265,307 shares of the company's stock traded hands, compared to its average volume of 399,066. The stock has a market cap of $1.13 billion, a PE ratio of 64.26 and a beta of 1.10. Ero Copper has a 12 month low of $9.30 and a 12 month high of $24.34. The stock has a 50-day simple moving average of $12.24 and a 200 day simple moving average of $14.61. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45.

Ero Copper (NYSE:ERO - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). The business had revenue of $122.50 million for the quarter, compared to the consensus estimate of $183.26 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. As a group, research analysts predict that Ero Copper will post 0.71 earnings per share for the current year.

Institutional Investors Weigh In On Ero Copper

A number of hedge funds have recently bought and sold shares of ERO. Mackenzie Financial Corp raised its position in shares of Ero Copper by 4.2% during the 4th quarter. Mackenzie Financial Corp now owns 47,380 shares of the company's stock valued at $638,000 after buying an additional 1,896 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Ero Copper by 8.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 31,915 shares of the company's stock worth $430,000 after buying an additional 2,550 shares in the last quarter. Temasek Holdings Private Ltd lifted its holdings in Ero Copper by 9.3% during the fourth quarter. Temasek Holdings Private Ltd now owns 592,821 shares of the company's stock worth $7,991,000 after buying an additional 50,400 shares during the period. State of Wyoming bought a new stake in Ero Copper during the 4th quarter valued at $76,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ero Copper by 5.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,527,158 shares of the company's stock valued at $47,529,000 after acquiring an additional 176,637 shares during the period. Hedge funds and other institutional investors own 71.30% of the company's stock.

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.