PCJ Investment Counsel Ltd. Sells 57,230 Shares of Ero Copper Corp. (NYSE:ERO)

PCJ Investment Counsel Ltd. decreased its holdings in Ero Copper Corp. (NYSE:ERO - Free Report) by 57.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,070 shares of the company's stock after selling 57,230 shares during the quarter. PCJ Investment Counsel Ltd.'s holdings in Ero Copper were worth $566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ERO. Impala Asset Management LLC raised its stake in Ero Copper by 12.7% in the 3rd quarter. Impala Asset Management LLC now owns 2,209,610 shares of the company's stock worth $49,208,000 after purchasing an additional 248,390 shares in the last quarter. Jennison Associates LLC raised its position in shares of Ero Copper by 4.3% in the 3rd quarter. Jennison Associates LLC now owns 5,710,827 shares of the company's stock valued at $127,149,000 after buying an additional 237,345 shares in the last quarter. FMR LLC raised its position in shares of Ero Copper by 1.8% in the 3rd quarter. FMR LLC now owns 11,869,851 shares of the company's stock valued at $264,262,000 after buying an additional 206,405 shares in the last quarter. Temasek Holdings Private Ltd raised its position in shares of Ero Copper by 41.2% in the 3rd quarter. Temasek Holdings Private Ltd now owns 542,421 shares of the company's stock valued at $12,080,000 after buying an additional 158,294 shares in the last quarter. Finally, Sprott Inc. raised its position in shares of Ero Copper by 42.2% in the 4th quarter. Sprott Inc. now owns 455,289 shares of the company's stock valued at $6,137,000 after buying an additional 135,049 shares in the last quarter. Institutional investors and hedge funds own 71.30% of the company's stock.

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Ero Copper Trading Up 2.1 %

ERO traded up $0.26 during trading on Wednesday, reaching $12.42. 594,098 shares of the company's stock were exchanged, compared to its average volume of 379,447. Ero Copper Corp. has a one year low of $11.11 and a one year 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. The stock has a market capitalization of $1.29 billion, a PE ratio of 73.03 and a beta of 1.17. The firm has a fifty day moving average price of $13.45 and a two-hundred day moving average price of $16.36.

Ero Copper (NYSE:ERO - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.17 earnings per share 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 the consensus estimate of $183.26 million. As a group, equities research analysts forecast that Ero Copper Corp. will post 0.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on ERO. The Goldman Sachs Group began coverage on shares of Ero Copper in a research report on Monday, December 2nd. They issued a "buy" rating and a $19.00 target price for the company. TD Cowen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, TD Securities raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 12th. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Ero Copper presently has an average 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.