Northwest & Ethical Investments L.P. Raises Stock Position in Ero Copper Corp. (NYSE:ERO)

Northwest & Ethical Investments L.P. lifted its position in shares of Ero Copper Corp. (NYSE:ERO) by 19.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,550 shares of the company’s stock after acquiring an additional 1,050 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Ero Copper were worth $88,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Boston Partners raised its holdings in Ero Copper by 66.9% during the fourth quarter. Boston Partners now owns 1,101,265 shares of the company’s stock worth $14,850,000 after purchasing an additional 441,413 shares during the last quarter. Impala Asset Management LLC raised its stake in shares of Ero Copper by 12.7% during the 3rd quarter. Impala Asset Management LLC now owns 2,209,610 shares of the company’s stock worth $49,208,000 after buying an additional 248,390 shares during the last quarter. FMR LLC boosted its position in shares of Ero Copper by 1.8% in the 3rd quarter. FMR LLC now owns 11,869,851 shares of the company’s stock worth $264,262,000 after buying an additional 206,405 shares in the last quarter. Jennison Associates LLC grew its stake in Ero Copper by 3.5% in the 4th quarter. Jennison Associates LLC now owns 5,909,627 shares of the company’s stock valued at $79,645,000 after acquiring an additional 198,800 shares during the last quarter. Finally, Temasek Holdings Private Ltd grew its stake in Ero Copper by 41.2% in the 3rd quarter. Temasek Holdings Private Ltd now owns 542,421 shares of the company’s stock valued at $12,080,000 after acquiring an additional 158,294 shares during the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.

Ero Copper Stock Down 3.2 %

ERO stock opened at $13.37 on Friday. Ero Copper Corp. has a one year low of $11.11 and a one year high of $24.34. The stock has a market capitalization of $1.38 billion, a P/E ratio of 78.66 and a beta of 1.17. The company has a 50 day moving average price of $13.30 and a two-hundred day moving average price of $15.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68.

Ero Copper (NYSE:ERO) last released its earnings results on Thursday, March 6th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). The business had revenue of $122.50 million during the quarter, compared to analyst estimates of $183.26 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. As a group, sell-side analysts expect that Ero Copper Corp. will post 0.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ERO. The Goldman Sachs Group started coverage on shares of Ero Copper in a report on Monday, December 2nd. They issued a “buy” rating and a $19.00 price target on the stock. TD Cowen raised Ero Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Finally, TD Securities raised Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Ero Copper presently has an average rating of “Buy” and a consensus price target of $26.33.

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.