Ero Copper Corp. (NYSE:ERO) Receives $24.00 Consensus Price Target from Analysts

Ero Copper Corp. (NYSE:ERO) has received an average recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $24.00.

ERO has been the topic of several research reports. Pi Financial upgraded shares of Ero Copper from a “neutral” rating to a “buy” rating in a research report on Thursday, April 18th. Jefferies Financial Group began coverage on shares of Ero Copper in a research report on Friday, May 3rd. They set a “hold” rating on the stock. Finally, TheStreet raised shares of Ero Copper from a “c” rating to a “b-” rating in a report on Friday, March 8th.

Institutional Trading of Ero Copper

Several institutional investors and hedge funds have recently added to or reduced their stakes in ERO. Acuitas Investments LLC grew its position in shares of Ero Copper by 61.5% during the 4th quarter. Acuitas Investments LLC now owns 2,100 shares of the company’s stock worth $33,000 after buying an additional 800 shares during the period. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Ero Copper during the 4th quarter worth $79,000. Quantbot Technologies LP bought a new stake in shares of Ero Copper during the 3rd quarter valued at $131,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Ero Copper by 7.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,636 shares of the company’s stock valued at $201,000 after purchasing an additional 843 shares during the period. Finally, Keybank National Association OH boosted its position in shares of Ero Copper by 13.3% in the 3rd quarter. Keybank National Association OH now owns 13,310 shares of the company’s stock worth $229,000 after purchasing an additional 1,560 shares during the last quarter. 71.30% of the stock is owned by institutional investors.

Ero Copper Stock Performance

NYSE:ERO opened at $20.91 on Wednesday. The stock has a market capitalization of $2.15 billion, a P/E ratio of 21.34 and a beta of 1.21. Ero Copper has a 1 year low of $11.35 and a 1 year high of $24.38. The firm has a 50 day moving average of $19.34 and a 200-day moving average of $16.26. The company has a current ratio of 1.23, a quick ratio of 0.94 and a debt-to-equity ratio of 0.65.

Ero Copper (NYSE:ERO) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.16%. The business had revenue of $116.41 million during the quarter, compared to the consensus estimate of $104.20 million. During the same quarter in the previous year, the firm posted $0.24 EPS. As a group, sell-side analysts anticipate that Ero Copper will post 1.6 EPS for the current fiscal year.

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.