Ero Copper Corp [NYSE: ERO] price surged by 3.59 percent to reach at $0.79.
Guru’s Opinion on Ero Copper Corp [ERO]:
Jefferies have made an estimate for Ero Copper Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 03, 2024. The new note on the price target was released on August 31, 2023, representing the official price target for Ero Copper Corp stock. Previously, the target price had yet another drop from $26 to $24, while BMO Capital Markets kept a Market Perform rating on ERO stock.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The Average True Range (ATR) for Ero Copper Corp is set at 0.91, with the Price to Sales ratio for ERO stock in the period of the last 12 months amounting to 5.43. The Price to Book ratio for the last quarter was 3.02, with the Price to Cash per share for the same quarter was set at 0.50.
ERO Stock Performance Analysis:
Ero Copper Corp [ERO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.57. With this latest performance, ERO shares gained by 19.39% in over the last four-week period, additionally plugging by 79.94% over the last 6 months – not to mention a rise of 33.69% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ERO stock in for the last two-week period is set at 59.24, with the RSI for the last a single of trading hit 57.89, and the three-weeks RSI is set at 59.71 for Ero Copper Corp [ERO]. The present Moving Average for the last 50 days of trading for this stock 20.60, while it was recorded at 22.94 for the last single week of trading, and 17.16 for the last 200 days.
Insight into Ero Copper Corp Fundamentals:
Ero Copper Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.82.
Ero Copper Corp [ERO] Institutonal Ownership Details
The top three institutional holders of ERO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ERO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ERO stock with ownership which is approximately 5.8386%.
