Ero Copper (NYSE:ERO) Hits New 1-Year Low - Should You Sell?

Shares of Ero Copper Corp. (NYSE:ERO - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $12.48 and last traded at $12.41, with a volume of 81915 shares trading hands. The stock had previously closed at $12.84.

Wall Street Analysts Forecast Growth

ERO has been the topic of a number of research analyst reports. TD Securities raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group began coverage on shares of Ero Copper in a research report on Monday, December 2nd. They set a "buy" rating and a $19.00 target price for the company. Finally, TD Cowen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. One investment 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. According to data from MarketBeat.com, Ero Copper presently has an average rating of "Buy" and a consensus target price of $26.33.

Ero Copper Price Performance

The company has a 50 day moving average price of $13.61 and a 200-day moving average price of $16.72. 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 company has a market cap of $1.18 billion, a price-to-earnings ratio of 67.00 and a beta of 1.14.

Institutional Trading of Ero Copper

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming acquired a new stake in shares of Ero Copper during the 4th quarter worth approximately $76,000. Synergy Asset Management LLC acquired a new stake in shares of Ero Copper during the 4th quarter worth approximately $78,000. Northwest & Ethical Investments L.P. lifted its holdings in shares of Ero Copper by 19.1% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company's stock worth $88,000 after purchasing an additional 1,050 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Ero Copper in the 4th quarter worth $125,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of Ero Copper by 128.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company's stock worth $143,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 71.30% of the company's stock.

About Ero Copper

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.