Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
After finishing at $19.41 in the prior trading day, Ero Copper Corp (NYSE: ERO) closed at $19.23, down -0.93%. In other words, the price has decreased by -$0.93 from its previous closing price. On the day, 0.64 million shares were traded. ERO stock price reached its highest trading level at $19.44 during the session, while it also had its lowest trading level at $18.51.
Ratios:
Our goal is to gain a better understanding of ERO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.52.
On June 30, 2023, BMO Capital Markets Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $26 to $24.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ERO now has a Market Capitalization of 1976074752 and an Enterprise Value of 2333747712. As of this moment, Ero’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.62 while its Price-to-Book (P/B) ratio in mrq is 2.46. Its current Enterprise Value per Revenue stands at 5.459 whereas that against EBITDA is 14.088.
Stock Price History:
Over the past 52 weeks, ERO has reached a high of $24.38, while it has fallen to a 52-week low of $11.35. The 50-Day Moving Average of the stock is 5.25%, while the 200-Day Moving Average is calculated to be 11.61%.
Shares Statistics:
The stock has traded on average 346.46K shares per day over the past 3-months and 399860 shares per day over the last 10 days, according to various share statistics. A total of 102.75M shares are outstanding, with a floating share count of 91.67M. Insiders hold about 10.79% of the company’s shares, while institutions hold 78.99% stake in the company. Shares short for ERO as of 1711584000 were 1725828 with a Short Ratio of 4.98, compared to 1709164800 on 1681254.
