Ventum Cap Mkts Upgrades Ero Copper (NYSE:ERO) to Strong-Buy

Ero Copper (NYSE:ERO) was upgraded by Ventum Cap Mkts to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports. Ventum Cap Mkts also issued estimates for Ero Copper’s Q2 2026 earnings at $0.69 EPS.

Several other brokerages have also recently weighed in on ERO. TD Cowen reiterated a “hold” rating on shares of Ero Copper in a research note on Tuesday, October 21st. National Bankshares reiterated a “sector perform” rating on shares of Ero Copper in a research note on Tuesday, August 5th. Scotiabank reiterated a “sector perform” rating on shares of Ero Copper in a research note on Tuesday, October 28th. Canaccord Genuity Group cut shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ero Copper in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Ero Copper currently has an average rating of “Hold” and an average target price of $25.00.

Ero Copper Trading Down 3.2%

Shares of NYSE ERO opened at $19.96 on Monday. The firm’s 50 day moving average price is $19.07 and its 200-day moving average price is $16.02. The company has a market cap of $2.07 billion, a PE ratio of 14.57 and a beta of 1.24. Ero Copper has a 52-week low of $9.30 and a 52-week high of $24.48. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.80 and a current ratio of 1.05.

Ero Copper (NYSE:ERO) last issued its 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 firm 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 17.96% and a net margin of 26.63%. On average, equities research analysts expect that Ero Copper will post 0.71 EPS for the current fiscal year.

Institutional Trading of Ero Copper

A number of large investors have recently made changes to their positions in ERO. Northwest & Ethical Investments L.P. increased its holdings in shares of Ero Copper by 22.6% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 8,033 shares of the company’s stock worth $97,000 after buying an additional 1,483 shares during the last quarter. Letko Brosseau & Associates Inc. bought a new stake in shares of Ero Copper in the 1st quarter worth about $176,000. Virtu Financial LLC bought a new stake in shares of Ero Copper in the 1st quarter worth about $180,000. XTX Topco Ltd purchased a new position in shares of Ero Copper during the 1st quarter worth about $188,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Ero Copper during the 1st quarter worth about $217,000. 71.30% of the stock is currently owned by institutional investors.

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.