Ero Copper Upgraded to 'Buy' by Wall Street Zen

Ero Copper (NYSE: ERO) has received an upgrade from Wall Street Zen's equities research analysts, who now rate the company as 'buy' instead of 'hold'. This decision was made public in a note to investors on Saturday. The shift comes after several other recent rating changes, including downgrades by Freedom Broker and Bradesco Corretora.

The majority of Wall Street analysts currently have a Moderate Buy rating for ERO, with an average price target of $32.33. This is based on data from MarketBeat.com. Two analysts have given the stock a Strong Buy rating, while five others have given it a Buy rating.

In related news, shares of NYSE: ERO opened at $37.87 on Friday. The company's 50-day moving average is $33.48 and its 200-day moving average is $29.60. Institutional investors own approximately 71.30% of the stock.