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

Shares of Ero Copper Corp. (NYSE:ERO) have received a consensus rating of “Moderate Buy” from the eighteen analysts that are presently covering the company, MarketBeat reports. Eleven research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $32.50.

A number of brokerages have recently issued reports on ERO. Canaccord Genuity Group raised shares of Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, January 14th. Scotiabank restated an “outperform” rating on shares of Ero Copper in a research report on Monday, January 26th. Raymond James Financial cut shares of Ero Copper from a “moderate buy” rating to a “hold” rating in a report on Monday, February 9th. Jefferies Financial Group downgraded shares of Ero Copper from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ero Copper in a report on Monday, December 29th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in shares of Ero Copper during the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Ero Copper during the 4th quarter worth $38,000. Kestra Advisory Services LLC purchased a new position in shares of Ero Copper during the 4th quarter worth $56,000. SG Americas Securities LLC bought a new stake in shares of Ero Copper during the 4th quarter valued at $115,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Ero Copper during the 3rd quarter valued at $111,000. 71.30% of the stock is owned by hedge funds and other institutional investors.

Ero Copper Trading Down 0.5%

Shares of NYSE:ERO opened at $27.95 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.82 and a quick ratio of 0.46. Ero Copper has a 1 year low of $9.30 and a 1 year high of $39.80. The company has a market cap of $2.91 billion, a P/E ratio of 11.01 and a beta of 1.17. The stock’s fifty day moving average price is $31.32 and its 200-day moving average price is $24.83.

Ero Copper (NYSE:ERO) last released its quarterly earnings data on Thursday, March 5th. The company reported $1.04 EPS 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 business had revenue of $320.20 million during the quarter, compared to the consensus estimate of $430.46 million. Sell-side analysts expect that Ero Copper will post 0.71 earnings per share for the current year.

About Ero Copper

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.