Boston Partners lifted its stake in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 66.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,101,265 shares of the company's stock after purchasing an additional 441,413 shares during the quarter. Boston Partners owned about 1.06% of Ero Copper worth $14,850,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. FMR LLC boosted its holdings in Ero Copper by 1.8% during the third 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 lifted its position in shares of Ero Copper by 3.5% during 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 period. Impala Asset Management LLC boosted 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 acquiring an additional 248,390 shares in the last quarter. Montrusco Bolton Investments Inc. grew its holdings in shares of Ero Copper by 3.9% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 775,356 shares of the company's stock worth $10,448,000 after acquiring an additional 28,999 shares during the period. Finally, Temasek Holdings Private Ltd increased 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 purchasing an additional 158,294 shares in the last quarter. Hedge funds and other institutional investors own 71.30% of the company's stock.
Ero Copper Price Performance
Ero Copper stock traded up $0.12 during midday trading on Tuesday, reaching $13.99. 362,590 shares of the company were exchanged, compared to its average volume of 383,262. The firm's 50-day simple moving average is $13.30 and its 200-day simple moving average is $15.91. Ero Copper Corp. has a 1 year low of $11.11 and a 1 year high of $24.34. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 82.29 and a beta of 1.17. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.04). The firm had revenue of $122.50 million for 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, analysts anticipate that Ero Copper Corp. will post 0.71 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. TD Cowen upgraded Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. TD Securities raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research note 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 set a "buy" rating and a $19.00 target price for the company. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $26.33.
Read Our Latest Research Report on Ero Copper
About Ero Copper
(
Free Report)
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.
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