Wall Street Zen upgraded shares of Ero Copper (NYSE:ERO – Free Report) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.
A number of other analysts have also commented on the stock. Scotiabank upgraded shares of Ero Copper from a “sector perform” rating to a “sector outperform” rating in a research note on Tuesday, November 3rd. Bradesco Corretora downgraded shares of Ero Copper from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 2nd. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Ero Copper in a research report on Wednesday, September 23rd. Zacks Research cut shares of Ero Copper from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Finally, Weiss Ratings downgraded shares of Ero Copper from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.33.
Check Out Our Latest Stock Analysis on ERO
Ero Copper Trading Up 8.3%
Ero Copper stock opened at $31.26 on Friday. Ero Copper has a one year low of $20.61 and a one year high of $40.83. The business’s fifty day moving average is $34.32 and its 200 day moving average is $30.67. The stock has a market capitalization of $3.26 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 0.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 0.81.
Ero Copper (NYSE:ERO – Get Free Report) last issued its earnings results on Monday, November 2nd. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The business had revenue of $348.00 million during the quarter, compared to analyst estimates of $342.91 million. Ero Copper had a return on equity of 38.98% and a net margin of 32.21%. On average, sell-side analysts predict that Ero Copper will post 3.91 EPS for the current year.
Hedge Funds Weigh In On Ero Copper
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hilton Head Capital Partners LLC boosted its stake in Ero Copper by 250.0% during the third quarter. Hilton Head Capital Partners LLC now owns 700 shares of the company’s stock worth $26,000 after buying an additional 500 shares during the period. PenderFund Capital Management Ltd. purchased a new stake in shares of Ero Copper in the second quarter valued at $39,000. Hughes Financial Services LLC purchased a new stake in shares of Ero Copper in the third quarter valued at $52,000. XML Financial LLC bought a new stake in shares of Ero Copper in the 3rd quarter worth about $209,000. Finally, Corient Private Wealth LP bought a new stake in shares of Ero Copper in the 2nd quarter worth about $242,000. Hedge funds and other institutional investors own 71.30% of the company’s stock.
About Ero Copper
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