Ero Copper Corp. (NYSE:ERO) Given Consensus Rating of “Hold” by Analysts

Ero Copper Corp. (NYSE:ERO) has been given an average rating of “Hold” by the four ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $24.00.

Several equities analysts have recently issued reports on ERO shares. Pi Financial raised Ero Copper from a “neutral” rating to a “buy” rating in a research note on Thursday, April 18th. TheStreet raised Ero Copper from a “c” rating to a “b-” rating in a research note on Friday, March 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ERO. Timelo Investment Management Inc. acquired a new position in Ero Copper during the fourth quarter valued at approximately $987,000. Montrusco Bolton Investments Inc. boosted its position in Ero Copper by 245.2% during the third quarter. Montrusco Bolton Investments Inc. now owns 642,010 shares of the company’s stock valued at $11,121,000 after purchasing an additional 456,033 shares during the last quarter. Jennison Associates LLC boosted its position 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 purchasing an additional 165,982 shares during the last quarter. Impala Asset Management LLC lifted its position in shares of Ero Copper by 23.1% in the third quarter. Impala Asset Management LLC now owns 1,836,510 shares of the company’s stock valued at $31,661,000 after buying an additional 344,410 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Ero Copper by 3.9% in the third quarter. Public Sector Pension Investment Board now owns 175,208 shares of the company’s stock valued at $3,035,000 after buying an additional 6,631 shares during the last quarter. 71.30% of the stock is owned by institutional investors and hedge funds.

Ero Copper Price Performance

Ero Copper stock opened at $20.37 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.94 and a current ratio of 1.23. The firm has a market cap of $2.09 billion, a P/E ratio of 20.79 and a beta of 1.26. The business’s fifty day moving average is $18.91 and its two-hundred day moving average is $16.04. Ero Copper has a 52 week low of $11.35 and a 52 week high of $24.38.

Ero Copper (NYSE:ERO) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $116.41 million during 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 prior year, the firm posted $0.24 EPS. Equities research analysts forecast that Ero Copper will post 1.6 earnings per share for the current fiscal year.

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.