Ero Copper Corp Stock Buy Hold or Sell Recommendation
| ERO Stock | CAD 19.04 0.32 1.71% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Ero Copper Corp is 'Sell'. The recommendation algorithm takes into account all of Ero Copper's available fundamental, technical, and predictive indicators you will find on this site.
Check out Ero Copper Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Ero and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Ero Copper Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Ero |
Execute Ero Copper Buy or Sell Advice
The Ero recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Ero Copper Corp. Macroaxis does not own or have any residual interests in Ero Copper Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Ero Copper's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Sell
Market Performance | Very Weak | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Ero Copper Trading Alerts and Improvement Suggestions
| Ero Copper Corp generated a negative expected return over the last 90 days | |
| Ero Copper Corp has accumulated 445.84 M in total debt with debt to equity ratio (D/E) of 1.94, which is about average as compared to similar companies. Ero Copper Corp has a current ratio of 0.76, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Ero Copper until it has trouble settling it off, either with new capital or with free cash flow. So, Ero Copper's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ero Copper Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ero to invest in growth at high rates of return. When we think about Ero Copper's use of debt, we should always consider it together with cash and equity. | |
| Over 77.0% of Ero Copper shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Ero Copper Hits New 1-Year Low - Heres Why - MarketBeat |
Ero Copper Returns Distribution Density
The distribution of Ero Copper's historical returns is an attempt to chart the uncertainty of Ero Copper's future price movements. The chart of the probability distribution of Ero Copper daily returns describes the distribution of returns around its average expected value. We use Ero Copper Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Ero Copper returns is essential to provide solid investment advice for Ero Copper.
| Mean Return | -0.61 | Value At Risk | -4.35 | Potential Upside | 4.48 | Standard Deviation | 2.57 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Ero Copper historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Ero Copper Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (5.9M) | (6.4M) | (2.3M) | (1.7M) | (5.3M) | (5.5M) | |
| Change In Cash | 2.5M | 41.0M | 67.6M | 47.6M | (66.0M) | (62.7M) | |
| Net Borrowings | (7.5M) | 7.2M | (112.6M) | 338.4M | 389.2M | 408.6M | |
| Free Cash Flow | 21.6M | 45.0M | 182.8M | (152.4M) | (297.6M) | (282.7M) | |
| Depreciation | 46.2M | 39.3M | 47.3M | 59.0M | 83.0M | 48.7M | |
| Other Non Cash Items | 26.0M | 71.4M | 87.6M | (31.9M) | (33.1M) | (31.5M) | |
| Capital Expenditures | 106.3M | 117.8M | 181.8M | 295.8M | 460.6M | 483.7M | |
| Net Income | 92.5M | 52.5M | 202.6M | 103.1M | 94.3M | 76.4M | |
| End Period Cash Flow | 21.5M | 62.5M | 130.1M | 177.7M | 111.7M | 82.6M | |
| Change To Netincome | (8.7M) | 81.4M | 130.3M | (1.6M) | (1.8M) | (1.7M) | |
| Investments | (106.7M) | 1.3M | 2.3M | (425.8M) | (308.2M) | (292.8M) |
Ero Copper Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Ero Copper or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Ero Copper's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Ero stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.63 | |
β | Beta against Dow Jones | 0.45 | |
σ | Overall volatility | 2.57 | |
Ir | Information ratio | -0.25 |
Ero Copper Volatility Alert
Ero Copper Corp exhibits very low volatility with skewness of 0.12 and kurtosis of 0.34. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Ero Copper's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Ero Copper's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Ero Copper Fundamentals Vs Peers
Comparing Ero Copper's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Ero Copper's direct or indirect competition across all of the common fundamentals between Ero Copper and the related equities. This way, we can detect undervalued stocks with similar characteristics as Ero Copper or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Ero Copper's fundamental indicators could also be used in its relative valuation, which is a method of valuing Ero Copper by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Ero Copper to competition |
| Fundamentals | Ero Copper | Peer Average |
| Return On Equity | 0.0269 | -0.31 |
| Return On Asset | 0.0401 | -0.14 |
| Profit Margin | 0.04 % | (1.27) % |
| Operating Margin | 0.28 % | (5.51) % |
| Current Valuation | 2.74 B | 16.62 B |
| Shares Outstanding | 103.3 M | 571.82 M |
| Shares Owned By Insiders | 10.30 % | 10.09 % |
| Shares Owned By Institutions | 77.08 % | 39.21 % |
| Price To Earning | 96.83 X | 28.72 X |
| Price To Book | 1.93 X | 9.51 X |
| Price To Sales | 4.24 X | 11.42 X |
| Revenue | 427.48 M | 9.43 B |
| Gross Profit | 187.18 M | 27.38 B |
| EBITDA | 208.15 M | 3.9 B |
| Net Income | 94.3 M | 570.98 M |
| Cash And Equivalents | 177.7 M | 2.7 B |
| Cash Per Share | 0.60 X | 5.01 X |
| Total Debt | 445.84 M | 5.32 B |
| Debt To Equity | 1.94 % | 48.70 % |
| Current Ratio | 0.78 X | 2.16 X |
| Book Value Per Share | 6.89 X | 1.93 K |
| Cash Flow From Operations | 163.1 M | 971.22 M |
| Earnings Per Share | 0.27 X | 3.12 X |
| Price To Earnings To Growth | 13.94 X | 4.89 X |
| Target Price | 32.13 | |
| Number Of Employees | 3.37 K | 18.84 K |
| Beta | 1.96 | -0.15 |
| Market Capitalization | 1.97 B | 19.03 B |
| Total Asset | 1.51 B | 29.47 B |
| Retained Earnings | 549.53 M | 9.33 B |
| Working Capital | 25.69 M | 1.48 B |
| Year To Date Return | (4.11) % | |
| One Year Return | (12.70) % |
Ero Copper Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Ero . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Ero Copper Buy or Sell Advice
When is the right time to buy or sell Ero Copper Corp? Buying financial instruments such as Ero Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Check out Ero Copper Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.