Deutsche Bank AG Grows Stock Position in Ero Copper Corp. (NYSE:ERO)

Deutsche Bank AG boosted its stake in shares of Ero Copper Corp. (NYSE:ERO) by 59.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,700 shares of the company’s stock after buying an additional 3,990 shares during the period. Deutsche Bank AG’s holdings in Ero Copper were worth $144,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwest & Ethical Investments L.P. raised its holdings in Ero Copper by 19.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock valued at $88,000 after buying an additional 1,050 shares during the period. TD Waterhouse Canada Inc. grew its position in Ero Copper by 128.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company’s stock valued at $143,000 after acquiring an additional 6,000 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Ero Copper in the 4th quarter valued at $146,000. Quantbot Technologies LP bought a new position in Ero Copper in the 4th quarter valued at $162,000. Finally, BTG Pactual Asset Management US LLC grew its position in Ero Copper by 12.6% in the 4th quarter. BTG Pactual Asset Management US LLC now owns 13,173 shares of the company’s stock valued at $178,000 after acquiring an additional 1,473 shares during the last quarter. Hedge funds and other institutional investors own 71.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. TD Cowen raised Ero Copper from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. TD Securities reaffirmed a “buy” rating on shares of Ero Copper in a research report on Wednesday, May 7th. National Bank Financial raised Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. BMO Capital Markets assumed coverage on Ero Copper in a research report on Wednesday, April 16th. They issued an “outperform” rating on the stock. Finally, National Bankshares raised Ero Copper from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $26.33.

Ero Copper Price Performance

ERO opened at $14.65 on Wednesday. Ero Copper Corp. has a 12-month low of $9.30 and a 12-month high of $23.40. 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 business’s fifty day simple moving average is $12.43 and its 200-day simple moving average is $13.30. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 86.16 and a beta of 1.10.

Ero Copper (NYSE:ERO) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.18. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. The business had revenue of $125.10 million for the quarter, compared to the consensus estimate of $179.45 million. On average, equities research analysts anticipate that Ero Copper Corp. will post 0.71 earnings per share for the current fiscal year.

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.