Ero Copper Corp. $ERO Shares Purchased by Amundi

Amundi increased its holdings in shares of Ero Copper Corp. (NYSE:ERO) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 617,803 shares of the company’s stock after acquiring an additional 38,923 shares during the quarter. Amundi owned approximately 0.60% of Ero Copper worth $6,950,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. J. Safra Sarasin Holding AG raised its stake 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 worth $294,000 after acquiring an additional 753 shares during the period. Northwest & Ethical Investments L.P. increased its stake in shares of Ero Copper by 22.6% in the first quarter. Northwest & Ethical Investments L.P. now owns 8,033 shares of the company’s stock valued at $97,000 after purchasing an additional 1,483 shares during the period. Mackenzie Financial Corp increased its stake in shares of Ero Copper by 4.2% in the fourth quarter. Mackenzie Financial Corp now owns 47,380 shares of the company’s stock valued at $638,000 after purchasing an additional 1,896 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Ero Copper by 8.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 31,915 shares of the company’s stock valued at $430,000 after purchasing an additional 2,550 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Ero Copper by 5.7% in the first quarter. Envestnet Asset Management Inc. now owns 55,103 shares of the company’s stock valued at $668,000 after purchasing an additional 2,958 shares during the period. Institutional investors and hedge funds own 71.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ERO. Wall Street Zen lowered shares of Ero Copper from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. BMO Capital Markets restated an “outperform” rating on shares of Ero Copper in a research note on Friday, July 4th. National Bank Financial lowered shares of Ero Copper from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 9th. National Bankshares restated a “sector perform” rating on shares of Ero Copper in a research note on Tuesday, August 5th. Finally, Raymond James Financial upgraded shares of Ero Copper to a “moderate buy” rating in a research note on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Ero Copper Trading Up 3.2%

Ero Copper stock opened at $16.26 on Thursday. The firm has a 50 day simple moving average of $14.45 and a 200-day simple moving average of $13.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.05 and a quick ratio of 0.80. The stock has a market capitalization of $1.68 billion, a PE ratio of 11.86 and a beta of 1.16. Ero Copper Corp. has a 12-month low of $9.30 and a 12-month high of $23.40.

Ero Copper (NYSE:ERO) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.13. The business had revenue of $163.50 million during the quarter, compared to analysts’ expectations 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 expect that Ero Copper Corp. will post 0.71 EPS for the current fiscal year.

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.