Ero Copper Corp. (NYSE:ERO) Given Average Recommendation of “Buy” by Analysts

Shares of Ero Copper Corp. (NYSE:ERO) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $30.00.

ERO has been the topic of a number of recent research reports. Raymond James raised Ero Copper from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 3rd. Bank of America assumed coverage on Ero Copper in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $28.00 target price on the stock. Jefferies Financial Group raised Ero Copper from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Finally, StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a research note on Friday, October 25th.

Institutional Trading of Ero Copper

Several institutional investors and hedge funds have recently bought and sold shares of ERO. Swiss National Bank lifted its holdings in Ero Copper by 10.6% in the first quarter. Swiss National Bank now owns 183,800 shares of the company’s stock worth $3,543,000 after buying an additional 17,600 shares during the period. Platinum Investment Management Ltd. lifted its holdings in Ero Copper by 15.9% in the first quarter. Platinum Investment Management Ltd. now owns 18,738 shares of the company’s stock worth $362,000 after buying an additional 2,564 shares during the period. Janus Henderson Group PLC lifted its holdings in Ero Copper by 28.2% in the first quarter. Janus Henderson Group PLC now owns 32,994 shares of the company’s stock worth $637,000 after buying an additional 7,257 shares during the period. Boston Partners lifted its holdings in Ero Copper by 226.9% in the first quarter. Boston Partners now owns 726,068 shares of the company’s stock worth $14,010,000 after buying an additional 503,972 shares during the period. Finally, Raymond James & Associates lifted its holdings in Ero Copper by 19.0% in the second quarter. Raymond James & Associates now owns 63,751 shares of the company’s stock worth $1,363,000 after buying an additional 10,200 shares during the period. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

Ero Copper Stock Down 1.8 %

Shares of NYSE:ERO opened at $15.61 on Friday. The stock’s 50-day moving average price is $19.37 and its 200-day moving average price is $20.24. Ero Copper has a 12-month low of $11.96 and a 12-month high of $24.34. The stock has a market capitalization of $1.61 billion, a P/E ratio of 91.82 and a beta of 1.23. The company has a current ratio of 0.82, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59.

About Ero Copper

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.