Ero Copper (NYSE:ERO) Rating Increased to Strong-Buy at TD Securities

Ero Copper (NYSE:ERO - Get Free Report) was upgraded by stock analysts at TD Securities from a "hold" rating to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on ERO. StockNews.com raised Ero Copper from a "sell" rating to a "hold" rating in a research note on Friday, October 25th. The Goldman Sachs Group began coverage on Ero Copper in a research note on Monday, December 2nd. They set a "buy" rating and a $19.00 target price for the company. Finally, TD Cowen raised Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $26.33.

Ero Copper Trading Down 0.8 %

Shares of NYSE ERO traded down $0.12 during trading on Wednesday, reaching $14.34. The stock had a trading volume of 351,536 shares, compared to its average volume of 504,598. Ero Copper has a fifty-two week low of $12.70 and a fifty-two week high of $24.34. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. The business's 50-day moving average price is $13.77 and its 200-day moving average price is $17.14. The company has a market cap of $1.48 billion, a P/E ratio of 84.32 and a beta of 1.14.

Institutional Trading of Ero Copper

Institutional investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC purchased a new stake in Ero Copper during the 3rd quarter worth about $38,000. State of Wyoming purchased a new stake in Ero Copper during the 4th quarter worth about $76,000. Synergy Asset Management LLC purchased a new stake in Ero Copper during the 4th quarter worth about $78,000. Northwest & Ethical Investments L.P. lifted its holdings in 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 last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Ero Copper during the 4th quarter worth about $125,000. 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.