Brokerages Set Ero Copper Corp. (NYSE:ERO) PT at $26.33

Ero Copper Corp. (NYSE:ERO) has received an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $26.33.

ERO has been the topic of several research analyst reports. StockNews.com upgraded shares of Ero Copper from a “sell” rating to a “hold” rating in a report on Friday, October 25th. The Goldman Sachs Group initiated coverage on shares of Ero Copper in a report on Monday, December 2nd. They set a “buy” rating and a $19.00 price objective on the stock.

Institutional Trading of Ero Copper

A number of institutional investors have recently bought and sold shares of ERO. Toronto Dominion Bank lifted its position in Ero Copper by 2,172.6% during the third quarter. Toronto Dominion Bank now owns 57,702 shares of the company’s stock worth $1,285,000 after purchasing an additional 55,163 shares during the period. Goehring & Rozencwajg Associates LLC raised its position in shares of Ero Copper by 22.5% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 340,008 shares of the company’s stock valued at $7,266,000 after buying an additional 62,500 shares in the last quarter. Old West Investment Management LLC lifted its holdings in shares of Ero Copper by 100.0% during the 3rd quarter. Old West Investment Management LLC now owns 160,000 shares of the company’s stock worth $3,563,000 after acquiring an additional 80,000 shares during the period. Impala Asset Management LLC boosted its position in shares of Ero Copper by 12.7% during the 3rd quarter. Impala Asset Management LLC now owns 2,209,610 shares of the company’s stock worth $49,208,000 after acquiring an additional 248,390 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of Ero Copper during the 2nd quarter worth approximately $2,521,000. Institutional investors own 71.30% of the company’s stock.

Ero Copper Stock Performance

ERO stock opened at $14.31 on Monday. Ero Copper has a twelve month low of $12.78 and a twelve month high of $24.34. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.48 billion, a P/E ratio of 84.18 and a beta of 1.15. The business’s fifty day moving average is $15.01 and its 200-day moving average is $18.56.

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.