Ero Copper (NYSE:ERO) Lifted to Hold at StockNews.com

Ero Copper (NYSE:ERO - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Friday.

ERO has been the topic of a number of other reports. Jefferies Financial Group upgraded Ero Copper from a "hold" rating to a "buy" rating in a research report on Monday, August 5th. Raymond James upgraded Ero Copper from a "market perform" rating to an "outperform" rating in a report on Tuesday, September 3rd. Ventum Cap Mkts upgraded Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Monday, July 22nd. Finally, Bank of America began coverage on Ero Copper in a report on Tuesday, September 3rd. They set a "buy" rating and a $28.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $30.00.

Ero Copper Stock Performance

Shares of NYSE ERO traded down $0.11 during trading hours on Friday, reaching $19.40. The stock had a trading volume of 146,096 shares, compared to its average volume of 328,510. The business's fifty day moving average is $20.60 and its two-hundred day moving average is $20.69. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.82 and a quick ratio of 0.60. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 29.85 and a beta of 1.20. Ero Copper has a twelve month low of $11.35 and a twelve month high of $24.34.

Ero Copper (NYSE:ERO - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. Ero Copper had a positive return on equity of 9.89% and a negative net margin of 4.79%. The business had revenue of $117.10 million during the quarter. During the same quarter in the previous year, the company posted $0.24 earnings per share. As a group, research analysts expect that Ero Copper will post 1.51 EPS for the current year.

Hedge Funds Weigh In On Ero Copper

Several hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC lifted its stake in Ero Copper by 39.0% in the first quarter. Jennison Associates LLC now owns 3,998,246 shares of the company's stock valued at $77,117,000 after buying an additional 1,121,095 shares during the period. Russell Investments Group Ltd. lifted its stake in Ero Copper by 4.1% in the first quarter. Russell Investments Group Ltd. now owns 783,756 shares of the company's stock valued at $15,111,000 after buying an additional 30,665 shares during the period. Boston Partners raised its position in shares of Ero Copper by 226.9% during the first quarter. Boston Partners now owns 726,068 shares of the company's stock worth $14,010,000 after purchasing an additional 503,972 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Ero Copper by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 464,047 shares of the company's stock worth $9,922,000 after purchasing an additional 115,002 shares during the period. Finally, Goehring & Rozencwajg Associates LLC raised its position in shares of Ero Copper by 22.5% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 340,008 shares of the company's stock worth $7,266,000 after purchasing an additional 62,500 shares during the period. 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.

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