Ero Copper (NYSE:ERO) Rating Increased to Buy at TD Cowen

Ero Copper (NYSE:ERO - Get Free Report) was upgraded by equities researchers at TD Cowen from a "hold" rating to a "buy" rating in a research note issued to investors on Wednesday, Marketbeat.com reports.

Several other research analysts have also commented on ERO. StockNews.com raised shares of Ero Copper from a "sell" rating to a "hold" rating in a report on Friday, October 25th. The Goldman Sachs Group began coverage on shares of Ero Copper in a report on Monday, December 2nd. They issued a "buy" rating and a $19.00 price target for the company. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $26.33.

Ero Copper Stock Up 2.3 %

ERO stock traded up $0.33 during mid-day trading on Wednesday, hitting $14.47. 846,583 shares of the company were exchanged, compared to its average volume of 383,845. The company has a market capitalization of $1.50 billion, a PE ratio of 85.09 and a beta of 1.14. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71. Ero Copper has a twelve month low of $12.70 and a twelve month high of $24.34. The firm has a fifty day simple moving average of $13.77 and a 200 day simple moving average of $17.23.

Institutional Trading of Ero Copper

A number of institutional investors and hedge funds have recently modified their holdings of ERO. Exchange Traded Concepts LLC acquired a new position in shares of Ero Copper in the 3rd quarter valued at $38,000. Van ECK Associates Corp raised its stake in shares of Ero Copper by 3.1% in the 3rd quarter. Van ECK Associates Corp now owns 136,990 shares of the company's stock valued at $3,051,000 after buying an additional 4,097 shares in the last quarter. Intact Investment Management Inc. acquired a new position in shares of Ero Copper in the 3rd quarter valued at $670,000. Sentry Investment Management LLC acquired a new position in shares of Ero Copper in the 3rd quarter valued at $457,000. Finally, Old West Investment Management LLC raised its stake in shares of Ero Copper by 100.0% in the 3rd quarter. Old West Investment Management LLC now owns 160,000 shares of the company's stock valued at $3,563,000 after buying an additional 80,000 shares in the last quarter. 71.30% of the stock is currently owned by institutional investors and hedge funds.

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.