Mirae Asset Global Investments Co. Ltd. Sells 315,769 Shares of Ero Copper Corp. (NYSE:ERO)

Mirae Asset Global Investments Co. Ltd. lowered its stake in Ero Copper Corp. (NYSE:EROFree Report) by 14.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,932,149 shares of the company’s stock after selling 315,769 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 1.88% of Ero Copper worth $37,252,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Impala Asset Management LLC raised its holdings in Ero Copper by 23.1% during the 3rd quarter. Impala Asset Management LLC now owns 1,836,510 shares of the company’s stock valued at $31,661,000 after buying an additional 344,410 shares during the last quarter. Montrusco Bolton Investments Inc. raised its stake in shares of Ero Copper by 31.7% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 845,623 shares of the company’s stock valued at $13,435,000 after acquiring an additional 203,613 shares during the last quarter. Fiera Capital Corp boosted its holdings in shares of Ero Copper by 24.1% during the fourth quarter. Fiera Capital Corp now owns 785,104 shares of the company’s stock worth $12,454,000 after purchasing an additional 152,245 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Ero Copper by 42.8% in the fourth quarter. Russell Investments Group Ltd. now owns 753,091 shares of the company’s stock worth $11,892,000 after purchasing an additional 225,566 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in Ero Copper by 48.7% during the 4th quarter. TD Asset Management Inc now owns 595,283 shares of the company’s stock valued at $9,458,000 after purchasing an additional 194,976 shares during the period. Hedge funds and other institutional investors own 71.30% of the company’s stock.

Ero Copper Stock Performance

Shares of ERO stock opened at $22.95 on Friday. The company’s fifty day moving average price is $21.40 and its 200-day moving average price is $18.74. The stock has a market cap of $2.37 billion, a PE ratio of 35.31 and a beta of 1.19. The company has a current ratio of 0.82, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. Ero Copper Corp. has a 12 month low of $11.35 and a 12 month high of $24.38.

Ero Copper (NYSE:EROGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.11. Ero Copper had a net margin of 14.23% and a return on equity of 10.68%. The business had revenue of $105.80 million for the quarter, compared to analysts’ expectations of $104.40 million. On average, equities analysts expect that Ero Copper Corp. will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ERO has been the topic of several research analyst reports. Jefferies Financial Group assumed coverage on Ero Copper in a research note on Friday, May 3rd. They set a “hold” rating on the stock. Ventum Cap Mkts lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 28th. Scotiabank raised shares of Ero Copper from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, May 30th. BMO Capital Markets upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 26th. Finally, StockNews.com lowered shares of Ero Copper from a “hold” rating to a “sell” rating in a report on Saturday, June 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Read Our Latest Stock Analysis on ERO

Ero Copper Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ero Copper (NYSE:ERO)

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