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

Ero Copper Corp. (NYSE:ERO) has been assigned a consensus recommendation of “Buy” from the ten research firms that are presently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $26.33.

ERO has been the topic of a number of research reports. TD Cowen upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. TD Securities upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group assumed coverage on shares of Ero Copper in a report on Monday, December 2nd. They set a “buy” rating and a $19.00 price objective on the stock.

Institutional Trading of Ero Copper

Several institutional investors have recently made changes to their positions in the company. Northwest & Ethical Investments L.P. grew its stake in shares of Ero Copper by 19.1% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock worth $88,000 after acquiring an additional 1,050 shares in the last quarter. Sentry Investment Management LLC grew 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 worth $293,000 after acquiring an additional 1,188 shares in the last quarter. Swiss National Bank grew its stake in shares of Ero Copper by 0.6% in the 4th quarter. Swiss National Bank now owns 194,100 shares of the company’s stock worth $2,616,000 after acquiring an additional 1,200 shares in the last quarter. BTG Pactual Asset Management US LLC grew its stake in shares of Ero Copper by 12.6% in the 4th quarter. BTG Pactual Asset Management US LLC now owns 13,173 shares of the company’s stock worth $178,000 after acquiring an additional 1,473 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Ero Copper by 6.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,408 shares of the company’s stock worth $522,000 after acquiring an additional 1,475 shares in the last quarter. Institutional investors own 71.30% of the company’s stock.

Ero Copper Stock Down 1.6 %

Ero Copper stock opened at $11.81 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. Ero Copper has a 12-month low of $11.48 and a 12-month high of $24.34. The firm’s fifty day moving average is $13.65 and its 200 day moving average is $16.79. The company has a market capitalization of $1.22 billion, a PE ratio of 69.47 and a beta of 1.14.

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.