Ero Copper Corp. (NYSE:ERO) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lowered its stake in shares of Ero Copper Corp. (NYSE:ERO) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,000 shares of the company’s stock after selling 1,100 shares during the period. Intact Investment Management Inc.’s holdings in Ero Copper were worth $391,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Synergy Asset Management LLC purchased a new position in Ero Copper during the fourth quarter worth about $78,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Ero Copper during the fourth quarter worth about $125,000. Sentry Investment Management LLC lifted its position in Ero Copper by 5.8% during the fourth quarter. Sentry Investment Management LLC now owns 21,716 shares of the company’s stock worth $293,000 after buying an additional 1,188 shares during the period. Keybank National Association OH lifted its position in Ero Copper by 8.0% during the fourth quarter. Keybank National Association OH now owns 26,120 shares of the company’s stock worth $352,000 after buying an additional 1,946 shares during the period. Finally, Canoe Financial LP purchased a new position in Ero Copper during the fourth quarter worth about $456,000. Institutional investors and hedge funds own 71.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ERO shares. TD Securities upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 12th. The Goldman Sachs Group started coverage on Ero Copper in a report on Monday, December 2nd. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, TD Cowen upgraded Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $26.33.

Ero Copper Price Performance

Shares of NYSE ERO opened at $12.62 on Friday. Ero Copper Corp. has a fifty-two week low of $11.11 and a fifty-two week high of $24.34. The business has a 50 day moving average price of $13.37 and a two-hundred day moving average price of $16.21. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.31 billion, a PE ratio of 74.21 and a beta of 1.17.

Ero Copper (NYSE:ERO) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. The business had revenue of $122.50 million for the quarter, compared to analyst estimates of $183.26 million. Sell-side analysts expect that Ero Copper Corp. will post 0.71 earnings per share for the current fiscal year.

Ero Copper Company Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.