Ero Copper (ERO) to Release Quarterly Earnings on Tuesday

Ero Copper (NYSE:ERO – Get Rating) will be issuing its quarterly earnings data after the market closes on Tuesday, March 7th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.

Ero Copper Price Performance

ERO opened at $16.14 on Tuesday. Ero Copper has a 12 month low of $8.07 and a 12 month high of $16.91. The stock has a market cap of $1.49 billion, a P/E ratio of 10.62 and a beta of 0.93. The stock’s 50 day moving average price is $15.25 and its 200 day moving average price is $12.77.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised their target price on Ero Copper from C$21.00 to C$22.00 in a research report on Monday, February 13th.

Hedge Funds Weigh In On Ero Copper

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG bought a new stake in shares of Ero Copper during the 4th quarter worth $66,000. Bank of America Corp DE boosted its position in shares of Ero Copper by 77.3% in the fourth quarter. Bank of America Corp DE now owns 10,854 shares of the company’s stock worth $149,000 after buying an additional 4,732 shares during the period. UBS Group AG boosted its position in shares of Ero Copper by 103.1% in the fourth quarter. UBS Group AG now owns 11,777 shares of the company’s stock worth $162,000 after buying an additional 5,979 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Ero Copper in the fourth quarter worth $382,000. Finally, Credit Suisse AG boosted its position in shares of Ero Copper by 11.6% in the fourth quarter. Credit Suisse AG now owns 64,303 shares of the company’s stock worth $1,199,000 after buying an additional 6,676 shares during the period. 47.09% of the stock is owned by institutional investors.

About Ero Copper

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Ero Copper Corp. engages in the exploration, development, and mining of mineral properties in Brazil. It also produces and sells copper, gold, silver products. The company was founded on May 16, 2016 and is headquartered in Vancouver, Canada.