Ero Copper (NYSE:ERO) Shares Gap Up Following Analyst Upgrade

Ero Copper Corp. (NYSE:ERO - Get Free Report) shares gapped up prior to trading on Wednesday after Canaccord Genuity Group upgraded the stock from a hold rating to a buy rating. The stock had previously closed at $29.83, but opened at $31.20. Ero Copper shares last traded at $30.8520, with a volume of 482,962 shares traded.3 Vital Copper Stocks Helping EVs and AI Data Centers Take OffOther equities research analysts have also issued research reports about the company. Loop Capital set a $32.00 target price on Ero Copper in a research report on Tuesday, December 30th. Stifel Canada downgraded shares of Ero Copper from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 21st. Ventum Cap Mkts upgraded shares of Ero Copper to a "strong-buy" rating in a report on Monday, November 3rd. Zacks Research upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 6th. Finally, TD Cowen reissued a "hold" rating on shares of Ero Copper in a research report on Tuesday, October 21st. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.50.Check Out Our Latest Analysis on EROHedge Funds Weigh In On Ero CopperA number of hedge funds have recently bought and sold shares of ERO. Synergy Asset Management LLC acquired a new position in Ero Copper in the fourth quarter valued at approximately $305,000. SG Americas Securities LLC bought a new stake in shares of Ero Copper in the 4th quarter valued at $115,000. Polar Asset Management Partners Inc. acquired a new position in shares of Ero Copper during the 3rd quarter valued at $770,000. CANADA LIFE ASSURANCE Co lifted its position in shares of Ero Copper by 46.0% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 126,360 shares of the company's stock valued at $2,506,000 after acquiring an additional 39,832 shares during the period. Finally, Prelude Capital Management LLC bought a new position in Ero Copper during the third quarter worth $248,000. Institutional investors own 71.30% of the company's stock. Ero Copper Trading Up 4.0%The firm's 50 day simple moving average is $25.36 and its two-hundred day simple moving average is $19.94. The stock has a market capitalization of $3.23 billion, a P/E ratio of 23.36 and a beta of 1.22. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 0.64. Ero Copper (NYSE:ERO - Get Free Report) last announced 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). Ero Copper had a net margin of 23.44% and a return on equity of 17.07%. The company had revenue of $177.10 million for the quarter, compared to analysts' expectations of $309.30 million. As a group, analysts forecast that Ero Copper Corp. will post 0.71 earnings per share for the current fiscal year. Ero Copper Company Profile (Get Free Report)Ero Copper Corp NYSE: ERO is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world. The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.See AlsoFive stocks we like better than Ero CopperThe Crash Has Already Started (Most Just Don’t See It Yet)Trump Planning to Use Public Law 63-43: Prepare Now“Ominous day” coming to stocks…If You Keep Cash In A U.S. Bank Account… Read This NOWPunch these codes into your ordinary brokerage accountThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here