Charles Schwab Investment Management Inc. Buys 9,810 Shares of Ero Copper Corp. $ERO

Charles Schwab Investment Management Inc. boosted its stake in shares of Ero Copper Corp. (NYSE:ERO) by 20.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,295 shares of the company’s stock after purchasing an additional 9,810 shares during the period. Charles Schwab Investment Management Inc. owned about 0.06% of Ero Copper worth $706,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. J. Safra Sarasin Holding AG lifted its position in Ero Copper by 3.2% during the first quarter. J. Safra Sarasin Holding AG now owns 24,266 shares of the company’s stock valued at $294,000 after purchasing an additional 753 shares during the period. Mackenzie Financial Corp increased its holdings in Ero Copper by 4.2% during the fourth quarter. Mackenzie Financial Corp now owns 47,380 shares of the company’s stock valued at $638,000 after buying an additional 1,896 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Ero Copper by 8.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 31,915 shares of the company’s stock valued at $430,000 after buying an additional 2,550 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Ero Copper by 5.7% during the first quarter. Envestnet Asset Management Inc. now owns 55,103 shares of the company’s stock valued at $668,000 after buying an additional 2,958 shares during the last quarter. Finally, Acuitas Investments LLC purchased a new stake in Ero Copper during the first quarter valued at approximately $39,000. Institutional investors own 71.30% of the company’s stock.

Ero Copper Price Performance

Ero Copper stock opened at $14.81 on Wednesday. The firm has a 50-day moving average price of $14.64 and a 200-day moving average price of $13.63. The firm has a market capitalization of $1.53 billion, a PE ratio of 10.81 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 0.80 and a debt-to-equity ratio of 0.83. Ero Copper Corp. has a 12-month low of $9.30 and a 12-month high of $23.40.

Ero Copper (NYSE:ERO) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.13. The company had revenue of $163.50 million during the quarter, compared to analyst estimates of $263.23 million. Ero Copper had a net margin of 26.63% and a return on equity of 17.96%. As a group, equities research analysts forecast that Ero Copper Corp. will post 0.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ERO. National Bankshares reaffirmed a “sector perform” rating on shares of Ero Copper in a report on Tuesday, August 5th. TD Securities reaffirmed a “buy” rating on shares of Ero Copper in a report on Wednesday, May 7th. Stifel Nicolaus began coverage on shares of Ero Copper in a report on Wednesday, July 9th. They set a “buy” rating for the company. Wall Street Zen cut shares of Ero Copper from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Stifel Canada raised shares of Ero Copper to a “strong-buy” rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ero Copper presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

About Ero Copper

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.