Analysts Set Ero Copper Corp. (NYSE:ERO) Target Price at $26.33

Shares of Ero Copper Corp. (NYSE:ERO) have been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $26.33.

ERO has been the topic of several recent analyst reports. StockNews.com upgraded shares of Ero Copper from a “sell” rating to a “hold” rating in a report on Friday, October 25th. The Goldman Sachs Group began coverage on shares of Ero Copper in a research note on Monday, December 2nd. They set a “buy” rating and a $19.00 price target on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ERO. Sentry Investment Management LLC raised its stake in shares of Ero Copper by 5.8% in the 4th quarter. Sentry Investment Management LLC now owns 21,716 shares of the company’s stock valued at $293,000 after acquiring an additional 1,188 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Ero Copper by 6.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,408 shares of the company’s stock valued at $522,000 after purchasing an additional 1,475 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Ero Copper in the third quarter valued at about $38,000. Keybank National Association OH lifted its stake in shares of Ero Copper by 8.0% during the fourth quarter. Keybank National Association OH now owns 26,120 shares of the company’s stock worth $352,000 after purchasing an additional 1,946 shares in the last quarter. Finally, Pinpoint Asset Management Ltd boosted its position in shares of Ero Copper by 7.2% in the third quarter. Pinpoint Asset Management Ltd now owns 42,372 shares of the company’s stock worth $944,000 after buying an additional 2,856 shares during the period. 71.30% of the stock is owned by institutional investors and hedge funds.

Ero Copper Trading Down 2.9 %

Shares of Ero Copper stock opened at $13.18 on Friday. Ero Copper has a fifty-two week low of $12.78 and a fifty-two week high of $24.34. The business’s fifty day moving average is $13.97 and its two-hundred day moving average is $17.46. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.37 billion, a PE ratio of 77.55 and a beta of 1.14.

Ero Copper (NYSE:ERO) last released its earnings results on Tuesday, November 5th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $124.80 million for the quarter, compared to the consensus estimate of $148.80 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. During the same period in the prior year, the business posted $0.18 earnings per share. Analysts anticipate that Ero Copper will post 0.92 earnings per share for the current 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.