FIL Ltd Has $33.65 Million Stock Position in Ero Copper Corp. (NYSE:ERO)

FIL Ltd reduced its stake in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 15.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,495,965 shares of the company's stock after selling 446,604 shares during the quarter. FIL Ltd owned about 2.41% of Ero Copper worth $33,651,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new stake in shares of Ero Copper during the fourth quarter worth $78,000. Northwest & Ethical Investments L.P. lifted its holdings in shares of Ero Copper by 19.1% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company's stock worth $88,000 after purchasing an additional 1,050 shares during the period. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Ero Copper during the 4th quarter worth approximately $125,000. Quantbot Technologies LP bought a new stake in shares of Ero Copper during the 4th quarter valued at about $162,000. Finally, Sentry Investment Management LLC raised its holdings in shares of Ero Copper by 5.8% during the fourth quarter. Sentry Investment Management LLC now owns 21,716 shares of the company's stock valued at $293,000 after purchasing an additional 1,188 shares during the period. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ERO has been the topic of several research analyst reports. Raymond James reissued an "outperform" rating on shares of Ero Copper in a research report on Friday, April 4th. TD Securities upgraded Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 12th. Desjardins initiated coverage on Ero Copper in a report on Friday, April 4th. They set a "hold" rating on the stock. Finally, TD Cowen upgraded Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $26.33.

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Ero Copper Stock Up 3.7 %

Ero Copper stock traded up $0.39 during midday trading on Monday, hitting $10.88. 835,369 shares of the stock were exchanged, compared to its average volume of 398,039. The firm has a market cap of $1.13 billion, a P/E ratio of 64.00 and a beta of 1.10. Ero Copper Corp. has a 1 year low of $9.30 and a 1 year high of $24.34. The company has a 50 day moving average price of $12.50 and a two-hundred day moving average price of $14.90. 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 announced its quarterly earnings data on Thursday, March 6th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.04). Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. The business had revenue of $122.50 million for the quarter, compared to analyst estimates of $183.26 million. On average, sell-side 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.