Brokerages Set Ero Copper Corp. (NYSE:ERO) PT at $26.33

Ero Copper Corp. (NYSE:ERO) has been assigned an average recommendation of “Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $26.33.

A number of equities research analysts recently weighed in on ERO shares. Bank of America assumed coverage on Ero Copper in a report on Tuesday, September 3rd. They set a “buy” rating and a $28.00 price target for the company. StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Raymond James raised Ero Copper from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 3rd. Finally, The Goldman Sachs Group assumed coverage on Ero Copper in a research note on Monday, December 2nd. They issued a “buy” rating and a $19.00 target price for the company.

Ero Copper Trading Down 0.8 %

ERO stock opened at $13.58 on Thursday. The business has a fifty day moving average price of $17.29 and a 200 day moving average price of $19.41. Ero Copper has a fifty-two week low of $13.52 and a fifty-two week high of $24.34. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 80.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank boosted its position in shares of Ero Copper by 38.7% in the 2nd quarter. Toronto Dominion Bank now owns 2,539 shares of the company’s stock worth $54,000 after purchasing an additional 709 shares during the last quarter. National Bank of Canada FI lifted its holdings in Ero Copper by 1.4% during the second quarter. National Bank of Canada FI now owns 58,271 shares of the company’s stock worth $1,238,000 after acquiring an additional 793 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ero Copper by 6.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,933 shares of the company’s stock worth $469,000 after acquiring an additional 1,277 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in Ero Copper during the third quarter worth about $38,000. Finally, Pinpoint Asset Management Ltd lifted its holdings in Ero Copper by 7.2% during the third quarter. Pinpoint Asset Management Ltd now owns 42,372 shares of the company’s stock worth $944,000 after acquiring an additional 2,856 shares in the last quarter. 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.