Ero Copper Corp. (NYSE:ERO) Shares Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP grew its position in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,713 shares of the company's stock after purchasing an additional 23,461 shares during the period. Mirabella Financial Services LLP owned approximately 0.16% of Ero Copper worth $2,246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jennison Associates LLC grew its holdings in shares of Ero Copper by 3.5% in the fourth quarter. Jennison Associates LLC now owns 5,909,627 shares of the company's stock valued at $79,645,000 after purchasing an additional 198,800 shares in the last quarter. Invesco Ltd. raised its stake in Ero Copper by 22.6% during the 4th quarter. Invesco Ltd. now owns 3,890,977 shares of the company's stock worth $52,450,000 after acquiring an additional 715,999 shares in the last quarter. Boston Partners lifted its holdings in shares of Ero Copper by 66.9% in the 4th quarter. Boston Partners now owns 1,101,265 shares of the company's stock valued at $14,850,000 after purchasing an additional 441,413 shares during the last quarter. Bridgewater Associates LP lifted its stake in Ero Copper by 400.2% in the fourth quarter. Bridgewater Associates LP now owns 818,269 shares of the company's stock valued at $11,026,000 after buying an additional 654,684 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its stake in 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 during the period. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

Ero Copper Price Performance

ERO stock traded down $0.12 during midday trading on Friday, hitting $12.54. 177,707 shares of the stock were exchanged, compared to its average volume of 399,874. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 73.76 and a beta of 1.10. Ero Copper Corp. has a fifty-two week low of $9.30 and a fifty-two week high of $24.34. The stock's 50-day moving average price is $12.05 and its 200-day moving average price is $14.33.

Ero Copper (NYSE:ERO - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.17 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 business had revenue of $122.50 million during the quarter, compared to analysts' expectations of $183.26 million. Research analysts predict that Ero Copper Corp. will post 0.71 earnings per share for the current year.

Analyst Ratings Changes

ERO has been the topic of several analyst reports. Raymond James reiterated an "outperform" rating on shares of Ero Copper in a research note on Friday, April 4th. TD Securities raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 12th. Desjardins assumed coverage on Ero Copper in a report on Friday, April 4th. They issued a "hold" rating on the stock. BMO Capital Markets began coverage on Ero Copper in a research note on Wednesday, April 16th. They set an "outperform" rating for the company. Finally, TD Cowen upgraded Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $26.33.

Ero Copper 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.