Jennison Associates LLC Boosts Stock Holdings in Ero Copper Corp. (NYSE:ERO)

Jennison Associates LLC lifted its holdings in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,909,627 shares of the company's stock after purchasing an additional 198,800 shares during the period. Jennison Associates LLC owned 5.72% of Ero Copper worth $79,645,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ERO. Synergy Asset Management LLC acquired a new stake in Ero Copper in the fourth quarter worth $78,000. Montrusco Bolton Investments Inc. boosted its position in shares of Ero Copper by 3.9% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 775,356 shares of the company's stock worth $10,448,000 after purchasing an additional 28,999 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Ero Copper in the 4th quarter valued at about $125,000. Canoe Financial LP bought a new stake in Ero Copper in the 4th quarter valued at about $456,000. Finally, Tidal Investments LLC raised its stake in Ero Copper by 142.5% during the 3rd quarter. Tidal Investments LLC now owns 51,557 shares of the company's stock worth $1,149,000 after buying an additional 30,299 shares during the period. Institutional investors and hedge funds own 71.30% of the company's stock.

Analyst Ratings Changes

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

Ero Copper Stock Up 1.4 %

Shares of NYSE:ERO traded up $0.18 during mid-day trading on Friday, hitting $13.37. 796,653 shares of the company traded hands, compared to its average volume of 427,874. The stock has a market cap of $1.38 billion, a P/E ratio of 78.65 and a beta of 1.14. The stock has a 50-day moving average price of $13.92 and a two-hundred day moving average price of $17.43. Ero Copper Corp. has a 12-month low of $12.78 and a 12-month high of $24.34. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71.

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