Ero Copper (NYSE:ERO) Coverage Initiated at Stifel Nicolaus

Investment analysts at Stifel Nicolaus initiated coverage on shares of Ero Copper (NYSE:ERO – Get Rating) in a report issued on Thursday, The Fly reports. The brokerage set a “hold” rating on the stock.

Other equities analysts have also recently issued research reports about the company. StockNews.com started coverage on Ero Copper in a report on Thursday. They issued a “hold” rating for the company. National Bank Financial upped their price objective on Ero Copper from C$21.00 to C$22.00 in a research report on Monday, February 13th.

Ero Copper Stock Up 0.2 %

Ero Copper stock opened at $18.56 on Thursday. Ero Copper has a 1-year low of $8.07 and a 1-year high of $20.99. The business has a fifty day moving average price of $18.20 and a 200-day moving average price of $15.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.04 and a quick ratio of 2.80. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 23.18 and a beta of 0.99.

Ero Copper (NYSE:ERO – Get Rating) last released its earnings results on Tuesday, March 7th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). Ero Copper had a return on equity of 14.30% and a net margin of 17.65%. The company had revenue of $116.70 million during the quarter, compared to analyst estimates of $103.00 million. Equities research analysts forecast that Ero Copper will post 1.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ERO. GMT Capital Corp increased its stake in Ero Copper by 10.2% during the first quarter. GMT Capital Corp now owns 6,666,125 shares of the company’s stock worth $117,772,000 after purchasing an additional 619,300 shares during the period. Jennison Associates LLC boosted its position in Ero Copper by 0.8% in the 1st quarter. Jennison Associates LLC now owns 3,224,545 shares of the company’s stock valued at $56,995,000 after buying an additional 26,008 shares during the period. American Century Companies Inc. grew its stake in shares of Ero Copper by 11.7% in the fourth quarter. American Century Companies Inc. now owns 2,804,461 shares of the company’s stock worth $38,608,000 after acquiring an additional 292,973 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Ero Copper by 6.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,938,019 shares of the company’s stock worth $34,240,000 after acquiring an additional 113,061 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Ero Copper by 24.6% in the fourth quarter. Bank of Montreal Can now owns 1,725,118 shares of the company’s stock valued at $24,527,000 after acquiring an additional 340,556 shares in the last quarter. Hedge funds and other institutional investors own 47.09% of the company’s stock.

Ero Copper Company Profile

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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.