Banco BTG Pactual S.A. Invests $1.62 Million in Ero Copper Corp. (NYSE:ERO)

Banco BTG Pactual S.A. bought a new stake in shares of Ero Copper Corp. (NYSE:ERO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 117,600 shares of the company's stock, valued at approximately $1,616,000. Banco BTG Pactual S.A. owned approximately 0.11% of Ero Copper as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ERO. Northwest & Ethical Investments L.P. raised its stake in Ero Copper by 19.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company's stock valued at $88,000 after purchasing an additional 1,050 shares during the period. Sentry Investment Management LLC increased 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 last quarter. Swiss National Bank raised its stake in shares of Ero Copper by 0.6% in the 4th quarter. Swiss National Bank now owns 194,100 shares of the company's stock valued at $2,616,000 after acquiring an additional 1,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 last quarter. Finally, Keybank National Association OH increased its stake in shares of Ero Copper by 8.0% in the fourth quarter. Keybank National Association OH now owns 26,120 shares of the company's stock worth $352,000 after purchasing an additional 1,946 shares during the period. 71.30% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

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

Ero Copper Stock Down 6.5 %

Shares of ERO traded down $0.85 during midday trading on Friday, hitting $12.23. The stock had a trading volume of 453,768 shares, compared to its average volume of 387,874. Ero Copper Corp. has a twelve month low of $11.11 and a twelve month high of $24.34. The company has a 50 day simple moving average of $13.23 and a two-hundred day simple moving average of $15.80. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 71.91 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.

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

Ero Copper 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.