Ero Copper Corp. (NYSE:ERO) Given Average Rating of “Hold” by Brokerages

Shares of Ero Copper Corp. (NYSE:ERO) have received a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $31.50.

ERO has been the subject of several research analyst reports. Bank of America downgraded shares of Ero Copper from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. The Goldman Sachs Group downgraded shares of Ero Copper from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $33.00 to $31.00 in a research report on Tuesday, April 14th. Wall Street Zen upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Canaccord Genuity Group upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, January 14th. Finally, Raymond James Financial downgraded shares of Ero Copper from a “moderate buy” rating to a “hold” rating in a report on Monday, February 9th.

Ero Copper Stock Down 0.4%

ERO opened at $25.84 on Friday. Ero Copper has a twelve month low of $12.38 and a twelve month high of $39.80. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $28.34 and a 200 day moving average price of $27.20. The company has a market cap of $2.70 billion, a PE ratio of 10.17 and a beta of 1.29.

Ero Copper (NYSE:ERO) last released its quarterly earnings results on Thursday, March 5th. The company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.02). Ero Copper had a return on equity of 27.09% and a net margin of 33.56%.The company had revenue of $320.20 million for the quarter, compared to analyst estimates of $430.46 million. Sell-side analysts expect that Ero Copper will post 4.05 earnings per share for the current fiscal year.

Institutional Trading of Ero Copper

A number of hedge funds have recently bought and sold shares of ERO. FNY Investment Advisers LLC acquired a new stake in shares of Ero Copper during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ero Copper during the 4th quarter worth approximately $38,000. Kestra Advisory Services LLC acquired a new stake in shares of Ero Copper during the 4th quarter worth approximately $56,000. Banque Cantonale Vaudoise acquired a new stake in shares of Ero Copper during the 3rd quarter worth approximately $111,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Ero Copper during the 4th quarter worth approximately $115,000. Institutional investors and hedge funds own 71.30% of the company’s stock.

Ero Copper Company Profile

Ero Copper Corp (NYSE: ERO) is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.

The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.