Ero Copper Corp. (NYSE:ERO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Ero Copper Corp. (NYSE:ERO) has been assigned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $32.50.

A number of equities analysts recently issued reports on the stock. Bank of America cut shares of Ero Copper from a “buy” rating to a “neutral” rating in a research report on Monday, February 9th. Canaccord Genuity Group upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, January 14th. Wall Street Zen downgraded Ero Copper from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Stifel Nicolaus lowered Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Finally, TD Securities downgraded Ero Copper from a “buy” rating to a “hold” rating in a research report on Tuesday, October 21st.

Institutional Investors Weigh In On Ero Copper

Several hedge funds have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in Ero Copper in the 4th quarter valued at approximately $25,000. Kestra Advisory Services LLC acquired a new stake in Ero Copper in the fourth quarter valued at $56,000. SG Americas Securities LLC bought a new position in Ero Copper during the 4th quarter worth $115,000. Banque Cantonale Vaudoise acquired a new position in Ero Copper during the 3rd quarter worth about $111,000. Finally, PVG Asset Management Corp bought a new stake in shares of Ero Copper in the 4th quarter valued at about $225,000. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Ero Copper Stock Performance

Ero Copper stock opened at $30.70 on Tuesday. 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 stock has a market cap of $3.20 billion, a PE ratio of 23.08 and a beta of 1.20. Ero Copper has a 12-month low of $9.30 and a 12-month high of $39.80. The business’s 50-day moving average price is $29.70 and its two-hundred day moving average price is $22.68.

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.