Jefferies Financial Group Begins Coverage on Ero Copper (NYSE:ERO)

Jefferies Financial Group started coverage on shares of Ero Copper (NYSE:ERO) in a report published on Friday morning, MarketBeat.com reports. The firm issued a hold rating on the stock.

ERO has been the subject of several other research reports. Pi Financial raised Ero Copper from a neutral rating to a buy rating in a research note on Thursday, April 18th. TheStreet upgraded shares of Ero Copper from a c rating to a b- rating in a report on Friday, March 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Ero Copper has a consensus rating of Hold and an average target price of $24.00.

Ero Copper Trading Up 1.9 %

Shares of NYSE:ERO opened at $20.82 on Friday. Ero Copper has a fifty-two week low of $11.35 and a fifty-two week high of $24.38. The company has a quick ratio of 0.94, a current ratio of 1.23 and a debt-to-equity ratio of 0.65. The company has a market cap of $2.14 billion, a PE ratio of 21.24 and a beta of 1.21. The company’s 50-day moving average price is $19.16 and its 200 day moving average price is $16.16.

Ero Copper (NYSE:ERO) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.16%. The business had revenue of $116.41 million for the quarter, compared to the consensus estimate of $104.20 million. During the same period last year, the firm posted $0.24 EPS. Sell-side analysts anticipate that Ero Copper will post 1.6 earnings per share for the current year.

Hedge Funds Weigh In On Ero Copper

Several hedge funds have recently made changes to their positions in ERO. Acuitas Investments LLC boosted its holdings in Ero Copper by 61.5% during the fourth quarter. Acuitas Investments LLC now owns 2,100 shares of the company’s stock worth $33,000 after buying an additional 800 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Ero Copper by 7.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,636 shares of the company’s stock worth $201,000 after purchasing an additional 843 shares during the period. Raymond James & Associates lifted its holdings in shares of Ero Copper by 2.7% during the fourth quarter. Raymond James & Associates now owns 50,551 shares of the company’s stock valued at $798,000 after purchasing an additional 1,346 shares during the last quarter. Keybank National Association OH boosted its position in shares of Ero Copper by 13.3% in the 3rd quarter. Keybank National Association OH now owns 13,310 shares of the company’s stock valued at $229,000 after purchasing an additional 1,560 shares during the period. Finally, CIBC Asset Management Inc increased its stake in Ero Copper by 3.2% in the 4th quarter. CIBC Asset Management Inc now owns 90,121 shares of the company’s stock worth $1,429,000 after purchasing an additional 2,772 shares in the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.

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.