Ero Copper Corp. (NYSE:ERO) Receives $26.33 Average PT from Analysts

Ero Copper Corp. (NYSE:ERO) has been given a consensus rating of “Buy” by the ten ratings firms that are currently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $26.33.

A number of analysts have commented on ERO shares. The Goldman Sachs Group started coverage on Ero Copper in a research report on Monday, December 2nd. They set a “buy” rating and a $19.00 target price on the stock. TD Cowen upgraded Ero Copper from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, TD Securities upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 12th.

Institutional Trading of Ero Copper

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wyoming purchased a new stake in shares of Ero Copper in the fourth quarter valued at $76,000. Synergy Asset Management LLC purchased a new stake in shares of Ero Copper in the fourth quarter valued at $78,000. Northwest & Ethical Investments L.P. lifted its position in shares of Ero Copper by 19.1% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock valued at $88,000 after acquiring an additional 1,050 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Ero Copper in the fourth quarter valued at $125,000. Finally, TD Waterhouse Canada Inc. lifted its position in shares of Ero Copper by 128.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company’s stock valued at $143,000 after acquiring an additional 6,000 shares in the last quarter. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

Ero Copper Stock Down 3.6 %

Ero Copper stock opened at $11.39 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. Ero Copper has a 1-year low of $11.34 and a 1-year high of $24.34. The company has a market cap of $1.18 billion, a PE ratio of 67.00 and a beta of 1.14. The stock’s 50 day moving average price is $13.61 and its 200 day moving average price is $16.72.

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.