LPL Financial LLC Buys 20,371 Shares of Ero Copper Corp. (NYSE:ERO)

LPL Financial LLC increased its stake in shares of Ero Copper Corp. (NYSE:ERO) by 66.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,897 shares of the company’s stock after acquiring an additional 20,371 shares during the period. LPL Financial LLC’s holdings in Ero Copper were worth $686,000 as of its most recent SEC filing.

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

Ero Copper Trading Up 2.7 %

Shares of Ero Copper stock opened at $11.22 on Wednesday. Ero Copper Corp. has a 1 year low of $9.30 and a 1 year high of $24.34. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 65.97 and a beta of 1.10. The business has a fifty day simple moving average of $12.14 and a two-hundred day simple moving average of $14.40. 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) last announced its earnings results on Thursday, March 6th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). The company had revenue of $122.50 million for the quarter, compared to the consensus estimate of $183.26 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. Research analysts forecast that Ero Copper Corp. will post 0.71 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BMO Capital Markets assumed coverage on Ero Copper in a research report on Wednesday, April 16th. They issued an “outperform” rating on the stock. TD Cowen upgraded Ero Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Desjardins began coverage on shares of Ero Copper in a research note on Friday, April 4th. They issued a “hold” rating for the company. Raymond James restated an “outperform” rating on shares of Ero Copper in a report on Friday, April 4th. Finally, TD Securities upgraded shares of Ero Copper from a “hold” rating to a “strong-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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $26.33.

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.