Ero Copper (NYSE:ERO) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Ero Copper (NYSE:ERO) from a hold rating to a sell rating in a research report report published on Saturday.

Several other equities analysts have also recently weighed in on ERO. Ventum Cap Mkts cut shares of Ero Copper from a strong-buy rating to a hold rating in a research report on Tuesday, May 28th. TheStreet raised Ero Copper from a c rating to a b- rating in a report on Friday, March 8th. Jefferies Financial Group started coverage on Ero Copper in a research report on Friday, May 3rd. They set a hold rating on the stock. Pi Financial raised shares of Ero Copper from a neutral rating to a buy rating in a research report on Thursday, April 18th. Finally, Scotiabank raised shares of Ero Copper from a sector perform rating to a sector outperform rating in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold.

Ero Copper Trading Up 2.2 %

Shares of ERO stock opened at $21.76 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.82 and a debt-to-equity ratio of 0.59. Ero Copper has a fifty-two week low of $11.35 and a fifty-two week high of $24.38. The business has a fifty day simple moving average of $21.20 and a 200-day simple moving average of $18.62. The stock has a market cap of $2.25 billion, a P/E ratio of 33.48 and a beta of 1.19.

Ero Copper (NYSE:ERO) last posted its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.11. Ero Copper had a return on equity of 10.68% and a net margin of 14.23%. The company had revenue of $105.80 million for the quarter, compared to analysts’ expectations of $104.40 million. On average, analysts forecast that Ero Copper will post 1.7 earnings per share for the current fiscal year.

Institutional Trading of Ero Copper

Hedge funds have recently made changes to their positions in the business. Jennison Associates LLC increased its stake in shares of Ero Copper by 39.0% during the first quarter. Jennison Associates LLC now owns 3,998,246 shares of the company’s stock worth $77,117,000 after purchasing an additional 1,121,095 shares during the period. Boston Partners grew its position in Ero Copper by 226.9% in the first quarter. Boston Partners now owns 726,068 shares of the company’s stock valued at $14,010,000 after acquiring an additional 503,972 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Ero Copper by 25.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,247,918 shares of the company’s stock valued at $35,715,000 after purchasing an additional 461,998 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Ero Copper during the 4th quarter valued at $5,763,000. Finally, Impala Asset Management LLC increased its position in Ero Copper by 23.1% in the 3rd quarter. Impala Asset Management LLC now owns 1,836,510 shares of the company’s stock valued at $31,661,000 after acquiring an additional 344,410 shares during the period. 71.30% of the stock is owned by institutional investors and hedge funds.

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.