Ero Copper (NYSE:ERO) Earns Outperform Rating from Analysts at BMO Capital Markets

Research analysts at BMO Capital Markets assumed coverage on shares of Ero Copper (NYSE:ERO) in a note issued to investors on Wednesday. The firm set an “outperform” rating on the stock.

ERO has been the subject of several other research reports. Desjardins assumed coverage on shares of Ero Copper in a research report on Friday, April 4th. They issued a “hold” rating for the company. TD Securities raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 12th. TD Cowen raised Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Finally, Raymond James reissued an “outperform” rating on shares of Ero Copper in a research report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $26.33.

Ero Copper Trading Down 3.8 %

Shares of Ero Copper stock opened at $10.50 on Wednesday. The firm has a 50-day simple moving average of $12.39 and a two-hundred day simple moving average of $14.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. Ero Copper has a fifty-two week low of $9.30 and a fifty-two week high of $24.34. The company has a market cap of $1.09 billion, a P/E ratio of 61.74 and a beta of 1.10.

Ero Copper (NYSE:ERO) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). The firm had revenue of $122.50 million during the quarter, compared to analyst estimates of $183.26 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. As a group, equities analysts predict that Ero Copper will post 0.71 earnings per share for the current fiscal year.

Institutional Trading of Ero Copper

A number of hedge funds and other institutional investors have recently made changes to their positions in ERO. State of Wyoming acquired a new stake in Ero Copper in the 4th quarter valued at about $76,000. Synergy Asset Management LLC acquired a new stake in shares of Ero Copper in the fourth quarter worth $78,000. Northwest & Ethical Investments L.P. grew its holdings in shares of Ero Copper by 19.1% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock valued at $88,000 after buying an additional 1,050 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Ero Copper in the 4th quarter worth about $125,000. Finally, TD Waterhouse Canada Inc. boosted its position in Ero Copper by 128.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company’s stock worth $143,000 after acquiring an additional 6,000 shares during the period. 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.