Ero Copper (NYSE:ERO) Now Covered by Analysts at Jefferies Financial Group

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

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

Ero Copper Price Performance

Shares of NYSE:ERO traded up $0.38 during trading on Friday, reaching $20.82. The stock had a trading volume of 321,389 shares, compared to its average volume of 436,751. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.94 and a current ratio of 1.23. Ero Copper has a 1-year low of $11.35 and a 1-year high of $24.38. The stock has a market cap of $2.14 billion, a PE ratio of 21.23 and a beta of 1.21. The business has a fifty day moving average price of $19.16 and a 200-day moving average price of $16.14.

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

Institutional Investors Weigh In On Ero Copper

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acuitas Investments LLC increased its position in shares of Ero Copper by 61.5% during the 4th quarter. Acuitas Investments LLC now owns 2,100 shares of the company’s stock worth $33,000 after purchasing an additional 800 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Ero Copper during the fourth quarter valued at about $79,000. Quantbot Technologies LP purchased a new stake in shares of Ero Copper in the 3rd quarter valued at approximately $131,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Ero Copper by 7.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,636 shares of the company’s stock worth $201,000 after acquiring an additional 843 shares during the last quarter. Finally, Keybank National Association OH boosted its position in shares of Ero Copper by 13.3% during the 3rd quarter. Keybank National Association OH now owns 13,310 shares of the company’s stock worth $229,000 after purchasing an additional 1,560 shares during the period. Institutional investors and hedge funds own 71.30% of the company’s stock.

About Ero Copper

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.