52,200 Shares in Ero Copper Corp. (NYSE:ERO) Acquired by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in shares of Ero Copper Corp. (NYSE:ERO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 52,200 shares of the company's stock, valued at approximately $704,000. Aigen Investment Management LP owned 0.05% of Ero Copper as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ERO. Van ECK Associates Corp boosted its position in shares of Ero Copper by 3.1% in the third quarter. Van ECK Associates Corp now owns 136,990 shares of the company's stock valued at $3,051,000 after acquiring an additional 4,097 shares during the period. CIBC Asset Management Inc lifted its stake in Ero Copper by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 117,832 shares of the company's stock worth $2,624,000 after purchasing an additional 3,746 shares in the last quarter. Jennison Associates LLC boosted its holdings in Ero Copper by 4.3% in the 3rd quarter. Jennison Associates LLC now owns 5,710,827 shares of the company's stock valued at $127,149,000 after purchasing an additional 237,345 shares during the period. Montrusco Bolton Investments Inc. grew its position in shares of Ero Copper by 17.2% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 746,357 shares of the company's stock valued at $16,635,000 after purchasing an additional 109,633 shares in the last quarter. Finally, Mirabella Financial Services LLP increased its stake in Ero Copper by 608.2% in the 3rd quarter. Mirabella Financial Services LLP now owns 143,252 shares of the company's stock worth $3,189,000 after acquiring an additional 123,023 shares during the last quarter. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. TD Securities upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 12th. TD Cowen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group began coverage on Ero Copper in a research note on Monday, December 2nd. They issued a "buy" rating and a $19.00 target price for the company. 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's stock. According to data from MarketBeat.com, Ero Copper presently has a consensus rating of "Buy" and a consensus target price of $26.33.

Ero Copper Stock Down 3.8 %

Ero Copper stock traded down $0.47 during trading hours on Monday, hitting $11.82. 640,314 shares of the stock traded hands, compared to its average volume of 504,056. Ero Copper Corp. has a one year low of $11.11 and a one year high of $24.34. The company has a market cap of $1.22 billion, a PE ratio of 69.50 and a beta of 1.17. The firm's 50-day moving average price is $13.50 and its two-hundred day moving average price is $16.49. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71.

Ero Copper (NYSE:ERO - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04). The firm had revenue of $122.50 million during the quarter, compared to analysts' expectations of $183.26 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. On average, research analysts forecast that Ero Copper Corp. will post 0.71 EPS for the current 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.