Ero Copper (NYSE:ERO) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Ero Copper (NYSE:ERO) from a buy rating to a hold rating in a research note released on Saturday.

ERO has been the subject of a number of other reports. TD Securities cut Ero Copper from a “buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Ventum Cap Mkts upgraded shares of Ero Copper to a “strong-buy” rating in a report on Monday, November 3rd. Freedom Capital upgraded shares of Ero Copper to a “strong-buy” rating in a report on Tuesday, December 30th. TD Cowen reissued a “hold” rating on shares of Ero Copper in a research report on Tuesday, October 21st. Finally, Canaccord Genuity Group upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.50.

Ero Copper Price Performance

ERO opened at $33.55 on Friday. The company has a fifty day moving average price of $28.16 and a two-hundred day moving average price of $21.42. The firm has a market capitalization of $3.50 billion, a PE ratio of 25.23 and a beta of 1.22. Ero Copper has a 52 week low of $9.30 and a 52 week high of $39.80. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.82.

Ero Copper (NYSE:ERO) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). The company had revenue of $177.10 million during the quarter, compared to the consensus estimate of $309.30 million. Ero Copper had a return on equity of 17.07% and a net margin of 23.44%. As a group, analysts anticipate that Ero Copper will post 0.71 earnings per share for the current year.

Institutional Investors Weigh In On Ero Copper

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in shares of Ero Copper during the 4th quarter worth approximately $25,000. SG Americas Securities LLC bought a new position in Ero Copper in the fourth quarter valued at $115,000. Banque Cantonale Vaudoise bought a new position in Ero Copper in the third quarter valued at $111,000. PVG Asset Management Corp acquired a new stake in Ero Copper in the 4th quarter valued at $225,000. Finally, Guidance Capital Inc. bought a new stake in Ero Copper during the 4th quarter worth about $253,000. Institutional investors and hedge funds own 71.30% of the company’s stock.

Ero Copper Company Profile

Ero Copper Corp (NYSE: ERO) is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.

The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.