Ero Copper (NYSE:ERO) Rating Increased to Buy at TD Cowen

TD Cowen upgraded shares of Ero Copper (NYSE:ERO) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, Marketbeat reports.

Other research analysts also recently issued reports about the company. StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group initiated coverage on shares of Ero Copper in a research report on Monday, December 2nd. They set a “buy” rating and a $19.00 target price on the stock. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $26.33.

Ero Copper Trading Up 1.2 %

Shares of NYSE:ERO opened at $13.17 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. The stock’s 50-day moving average is $13.82 and its 200-day moving average is $17.28. The company has a market cap of $1.36 billion, a P/E ratio of 77.47 and a beta of 1.14. Ero Copper has a 52-week low of $12.70 and a 52-week high of $24.34.

Institutional Investors Weigh In On Ero Copper

A number of institutional investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC bought a new position in Ero Copper during the third quarter worth about $38,000. Synergy Asset Management LLC acquired a new position in shares of Ero Copper in the 4th quarter worth approximately $78,000. Northwest & Ethical Investments L.P. lifted its position in shares of Ero Copper by 19.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock worth $88,000 after buying an additional 1,050 shares during the period. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Ero Copper in the 4th quarter valued at $125,000. Finally, Quantbot Technologies LP bought a new stake in Ero Copper in the fourth quarter valued at $162,000. 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.