Ero Copper (NYSE:ERO) Stock Rating Upgraded by Wall Street Zen

Ero Copper (NYSE:ERO) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other equities research analysts have also recently commented on the company. National Bankshares reiterated a “sector perform” rating on shares of Ero Copper in a research note on Tuesday, August 5th. Stifel Canada upgraded Ero Copper to a “strong-buy” rating in a research note on Tuesday, July 8th. Scotiabank reiterated an “outperform” rating on shares of Ero Copper in a research note on Tuesday, July 8th. Stifel Nicolaus initiated coverage on Ero Copper in a research note on Wednesday, July 9th. They set a “buy” rating on the stock. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Ero Copper in a research note on Friday, July 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Ero Copper presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Ero Copper Trading Up 1.0%

NYSE ERO opened at $16.96 on Friday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 12.38 and a beta of 1.16. Ero Copper has a one year low of $9.30 and a one year high of $23.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.05 and a quick ratio of 0.80. The business’s fifty day moving average is $14.62 and its 200-day moving average is $13.93.

Ero Copper (NYSE:ERO) last released its earnings results on Thursday, July 31st. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. The company had revenue of $163.50 million for the quarter, compared to analysts’ expectations of $263.23 million. Ero Copper had a return on equity of 17.96% and a net margin of 26.63%. Equities research analysts predict that Ero Copper will post 0.71 EPS for the current year.

Institutional Investors Weigh In On Ero Copper

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acuitas Investments LLC bought a new stake in Ero Copper in the 1st quarter valued at about $39,000. State of Wyoming bought a new stake in Ero Copper in the 4th quarter valued at about $76,000. Northwest & Ethical Investments L.P. grew its holdings in Ero Copper by 22.6% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 8,033 shares of the company’s stock valued at $97,000 after buying an additional 1,483 shares in the last quarter. Deutsche Bank AG grew its holdings in Ero Copper by 59.5% during the 4th quarter. Deutsche Bank AG now owns 10,700 shares of the company’s stock valued at $144,000 after buying an additional 3,990 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Ero Copper during the 4th quarter valued at about $146,000. 71.30% of the stock is currently owned by institutional investors.

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.