Ero Copper Corp. (NYSE:ERO) Shares Purchased by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. boosted its stake in Ero Copper Corp. (NYSE:ERO - Free Report) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 775,356 shares of the company's stock after acquiring an additional 28,999 shares during the period. Montrusco Bolton Investments Inc. owned 0.75% of Ero Copper worth $10,448,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its position in Ero Copper by 38.7% in the 2nd quarter. Toronto Dominion Bank now owns 2,539 shares of the company's stock valued at $54,000 after acquiring an additional 709 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 acquiring an additional 1,475 shares during the period. Exchange Traded Concepts LLC acquired a new position in Ero Copper in the 3rd quarter valued at about $38,000. Pinpoint Asset Management Ltd increased its position in Ero Copper by 7.2% in the 3rd quarter. Pinpoint Asset Management Ltd now owns 42,372 shares of the company's stock valued at $944,000 after acquiring an additional 2,856 shares during the period. Finally, CIBC Asset Management Inc increased its position in Ero Copper by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 117,832 shares of the company's stock valued at $2,624,000 after acquiring an additional 3,746 shares during the period. Institutional investors and hedge funds own 71.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ERO shares. The Goldman Sachs Group began coverage on Ero Copper in a report on Monday, December 2nd. They issued a "buy" rating and a $19.00 price objective on the stock. StockNews.com raised Ero Copper from a "sell" rating to a "hold" rating in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $26.33.

Ero Copper Trading Down 2.3 %

ERO traded down $0.31 during trading on Friday, hitting $13.37. The company's stock had a trading volume of 321,581 shares, compared to its average volume of 389,919. The firm's 50 day moving average price is $14.07 and its 200-day moving average price is $17.60. 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 stock has a market cap of $1.38 billion, a PE ratio of 78.66 and a beta of 1.15. Ero Copper Corp. has a twelve month low of $12.78 and a twelve month high of $24.34.

Ero Copper (NYSE:ERO - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. The company had revenue of $124.80 million during the quarter, compared to the consensus estimate of $148.80 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. During the same period in the previous year, the firm posted $0.18 EPS. On average, analysts expect that Ero Copper Corp. will post 0.92 earnings per share for the current 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.