Ero Copper Corp. (NYSE:ERO) Given Average Rating of "Buy" by Brokerages

Ero Copper Corp. (NYSE:ERO - Get Free Report) has been assigned an average rating of "Buy" from the ten ratings firms that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $26.33.3 Vital Copper Stocks Helping EVs and AI Data Centers Take OffA number of analysts have commented on the stock. TD Securities raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group started coverage on shares of Ero Copper in a report on Monday, December 2nd. They set a "buy" rating and a $19.00 price target on the stock. Finally, TD Cowen raised shares of Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th.Read Our Latest Stock Report on EROHedge Funds Weigh In On Ero CopperInstitutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming acquired a new stake in Ero Copper during the fourth quarter valued at $76,000. Synergy Asset Management LLC purchased a new stake in shares of Ero Copper during the 4th quarter worth about $78,000. Northwest & Ethical Investments L.P. lifted its holdings 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 valued at $88,000 after buying an additional 1,050 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Ero Copper during the 4th quarter valued at about $125,000. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Ero Copper by 128.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company's stock valued at $143,000 after buying an additional 6,000 shares in the last quarter. 71.30% of the stock is currently owned by hedge funds and other institutional investors. Ero Copper Price PerformanceNYSE ERO opened at $13.37 on Friday. Ero Copper has a 1 year low of $11.11 and a 1 year high of $24.34. The business's fifty day moving average is $13.30 and its two-hundred day moving average is $15.99. The stock has a market capitalization of $1.38 billion, a P/E ratio of 78.66 and a beta of 1.17. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. Ero Copper (NYSE:ERO - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.04). Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. The company had revenue of $122.50 million during the quarter, compared to analyst estimates of $183.26 million. On average, research analysts forecast that Ero Copper will post 0.71 earnings per share for the current fiscal year. Ero Copper Company Profile (Get Free ReportEro 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.Recommended StoriesFive stocks we like better than Ero CopperTSX Venture Exchange (Formerly Canadian Venture Exchange)FedEx Delivers Another Crushing Blow to Its Stock PriceWhat is a Low P/E Ratio and What Does it Tell Investors?Analysts Stay Bullish on Rocket Lab as Signs of a Bottom EmergeBest of the list of Dividend Aristocrats: Build wealth with the aristocrat indexMicron Stock Will Retest All-Time Highs This YearThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ero Copper Right Now?Before you consider Ero Copper, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ero Copper wasn't on the list.While Ero Copper currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here