Ero Copper (NYSE:ERO) Trading Up 4.7%

Ero Copper Corp. (NYSE:ERO) rose 4.7% on Tuesday . The company traded as high as $21.88 and last traded at $21.88. Approximately 77,779 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 314,293 shares. The stock had previously closed at $20.90.

Wall Street Analyst Weigh In

ERO has been the topic of a number of research reports. TheStreet raised shares of Ero Copper from a “c” rating to a “b-” rating in a research note on Friday, March 8th. Pi Financial downgraded shares of Ero Copper from a “buy” rating to a “neutral” rating in a research report on Friday, March 8th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.00.

Ero Copper Price Performance

The company has a quick ratio of 0.94, a current ratio of 1.23 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 21.61 and a beta of 1.26. The company’s 50-day simple moving average is $17.61 and its 200 day simple moving average is $15.66.

Ero Copper (NYSE:ERO) last posted its earnings results on Thursday, March 7th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The business had revenue of $116.41 million for the quarter, compared to analyst estimates of $104.20 million. Ero Copper had a return on equity of 13.16% and a net margin of 21.71%. During the same period in the previous year, the company earned $0.24 earnings per share. Equities research analysts forecast that Ero Copper Corp. will post 1.56 EPS for the current year.

Institutional Investors Weigh In On Ero Copper

A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD bought a new stake in Ero Copper during the fourth quarter valued at about $234,997,000. FMR LLC boosted its holdings in Ero Copper by 3.7% during the third quarter. FMR LLC now owns 10,719,365 shares of the company’s stock valued at $184,832,000 after acquiring an additional 379,686 shares during the period. FIL Ltd boosted its holdings in Ero Copper by 105.5% during the fourth quarter. FIL Ltd now owns 4,883,502 shares of the company’s stock valued at $77,212,000 after acquiring an additional 2,507,239 shares during the period. Jennison Associates LLC boosted its holdings in Ero Copper by 4.9% during the third quarter. Jennison Associates LLC now owns 3,544,861 shares of the company’s stock valued at $61,161,000 after acquiring an additional 165,982 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Ero Copper by 25.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,247,918 shares of the company’s stock valued at $35,715,000 after acquiring an additional 461,998 shares during the period. 71.30% of the stock is currently owned by institutional investors.

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.