Pinpoint Asset Management Ltd Increases Stake in Ero Copper Corp. (NYSE:ERO)

Pinpoint Asset Management Ltd grew its holdings in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 75.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,323 shares of the company's stock after purchasing an additional 31,951 shares during the quarter. Pinpoint Asset Management Ltd owned about 0.07% of Ero Copper worth $1,002,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Synergy Asset Management LLC purchased a new position in Ero Copper in the 4th quarter valued at approximately $78,000. Northwest & Ethical Investments L.P. grew its position in shares of Ero Copper by 19.1% in the fourth 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 in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Ero Copper in the fourth quarter valued at $125,000. Quantbot Technologies LP bought a new stake in shares of Ero Copper during the 4th quarter valued at $162,000. Finally, Sentry Investment Management LLC lifted its holdings in Ero Copper by 5.8% during the 4th quarter. Sentry Investment Management LLC now owns 21,716 shares of the company's stock worth $293,000 after purchasing an additional 1,188 shares in the last quarter. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ERO has been the subject of a number of recent analyst reports. TD Cowen raised Ero Copper from a "hold" rating to a "buy" rating in a 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. Desjardins started coverage on shares of Ero Copper in a research note on Friday, April 4th. They issued a "hold" rating on the stock. Finally, Raymond James restated an "outperform" rating on shares of Ero Copper in a research report on Friday. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $26.33.

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Ero Copper Price Performance

Ero Copper stock traded down $0.24 during mid-day trading on Wednesday, hitting $9.41. 252,538 shares of the company traded hands, compared to its average volume of 392,759. The stock has a fifty day moving average price of $12.75 and a 200-day moving average price of $15.23. The stock has a market cap of $974.53 million, a price-to-earnings ratio of 55.18 and a beta of 1.10. Ero Copper Corp. has a one year low of $9.30 and a one year high of $24.34. 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 announced its earnings results on Thursday, March 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. The company had revenue of $122.50 million during the quarter, compared to analysts' expectations of $183.26 million. On average, equities analysts predict that Ero Copper Corp. will post 0.71 earnings per share for the current fiscal 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.