Brokerages Set Ero Copper Corp. (NYSE:ERO) Target Price at $25.00

Ero Copper Corp. (NYSE:ERO) has been given a consensus rating of “Hold” by the eighteen ratings firms that are covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $25.00.

A number of analysts have commented on the company. TD Securities downgraded Ero Copper from a “buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Wall Street Zen raised Ero Copper from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. CIBC reissued a “neutral” rating on shares of Ero Copper in a research note on Friday, December 5th. Jefferies Financial Group downgraded shares of Ero Copper from a “buy” rating to a “hold” rating in a report on Sunday, December 7th. Finally, Raymond James Financial restated an “outperform” rating on shares of Ero Copper in a research report on Friday, October 10th.

Ero Copper Stock Up 0.1%

ERO stock opened at $27.40 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $23.16 and its 200 day moving average price is $18.62. Ero Copper has a 52 week low of $9.30 and a 52 week high of $27.61. The company has a market cap of $2.85 billion, a P/E ratio of 20.60 and a beta of 1.23.

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 analysts’ consensus estimates of $0.36 by ($0.09). The company had revenue of $177.10 million for the quarter, compared to analyst estimates of $309.30 million. Ero Copper had a net margin of 23.44% and a return on equity of 17.07%. On average, research analysts expect that Ero Copper will post 0.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ero Copper

Institutional investors and hedge funds have recently bought and sold shares of the stock. Banque Cantonale Vaudoise acquired a new stake in Ero Copper during the 3rd quarter valued at $111,000. Shay Capital LLC acquired a new stake in shares of Ero Copper during the third quarter valued at $202,000. Versor Investments LP purchased a new stake in Ero Copper during the 3rd quarter worth about $217,000. Dynamic Technology Lab Private Ltd acquired a new position in Ero Copper in the 1st quarter valued at about $217,000. Finally, Jain Global LLC purchased a new position in Ero Copper in the 3rd quarter valued at about $239,000. Hedge funds and other institutional investors 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.