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

Ero Copper (NYSE:ERO) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other brokerages also recently commented on ERO. Scotiabank upgraded Ero Copper from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, May 30th. TheStreet raised Ero Copper from a “c” rating to a “b-” rating in a research note on Friday, March 8th. Ventum Cap Mkts cut Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Pi Financial raised Ero Copper from a “neutral” rating to a “buy” rating in a report on Thursday, April 18th. Finally, Jefferies Financial Group started coverage on Ero Copper in a report on Friday, May 3rd. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $24.00.

Ero Copper Stock Down 2.4 %

Ero Copper stock opened at $20.52 on Friday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 31.57 and a beta of 1.20. 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 business has a fifty day moving average price of $20.98 and a 200-day moving average price of $18.23. Ero Copper has a 1-year low of $11.35 and a 1-year high of $24.38.

Ero Copper (NYSE:ERO) last posted its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.11. Ero Copper had a net margin of 14.23% and a return on equity of 10.68%. The firm had revenue of $105.80 million during the quarter, compared to analyst estimates of $104.40 million. Equities research analysts forecast that Ero Copper will post 1.7 EPS for the current fiscal year.

Institutional Trading of Ero Copper

Large investors have recently added to or reduced their stakes in the stock. Acuitas Investments LLC boosted its holdings in shares of Ero Copper by 61.5% during the fourth quarter. Acuitas Investments LLC now owns 2,100 shares of the company’s stock valued at $33,000 after acquiring an additional 800 shares during the period. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Ero Copper in the 4th quarter valued at about $79,000. Platinum Investment Management Ltd. bought a new stake in Ero Copper in the 4th quarter valued at about $257,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Ero Copper by 21.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,656 shares of the company’s stock valued at $328,000 after purchasing an additional 3,632 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in Ero Copper during the 4th quarter valued at about $356,000. 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.