Ero Copper Corp. (NYSE:ERO) Stake Cut by Amundi

Amundi lowered its position in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 578,880 shares of the company's stock after selling 76,662 shares during the quarter. Amundi owned approximately 0.56% of Ero Copper worth $8,301,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synergy Asset Management LLC acquired a new stake in shares of Ero Copper during the fourth quarter worth $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 boosted its stake in Ero Copper by 5.8% in the 4th 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ero Copper by 6.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,408 shares of the company's stock valued at $522,000 after buying an additional 1,475 shares during the period. Finally, Keybank National Association OH increased its stake in shares of Ero Copper by 8.0% during the 4th quarter. Keybank National Association OH now owns 26,120 shares of the company's stock valued at $352,000 after acquiring an additional 1,946 shares during the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ERO shares. TD Securities raised 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 report on Wednesday, February 12th. Finally, The Goldman Sachs Group assumed coverage on shares of Ero Copper in a research report on Monday, December 2nd. They issued a "buy" rating and a $19.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Ero Copper has an average rating of "Buy" and a consensus target price of $26.33.

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Ero Copper Stock Up 1.4 %

NYSE ERO traded up $0.20 on Wednesday, reaching $13.91. The company had a trading volume of 317,117 shares, compared to its average volume of 510,668. Ero Copper Corp. has a 1 year low of $11.11 and a 1 year high of $24.34. The firm has a market capitalization of $1.44 billion, a PE ratio of 81.81 and a beta of 1.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. The firm has a 50-day moving average of $13.34 and a 200-day moving average of $16.07.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $122.50 million for the quarter, compared to analyst estimates of $183.26 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. On average, equities research analysts anticipate that Ero Copper Corp. will post 0.71 EPS for the current fiscal year.

About Ero Copper

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.