Boston Partners Purchases 242,594 Shares of Ero Copper Corp. $ERO

Boston Partners lifted its holdings in Ero Copper Corp. (NYSE:ERO) by 37.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 889,154 shares of the company’s stock after acquiring an additional 242,594 shares during the quarter. Boston Partners owned 0.86% of Ero Copper worth $14,979,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ERO. GMT Capital Corp grew its stake in shares of Ero Copper by 22.9% in the first quarter. GMT Capital Corp now owns 6,931,025 shares of the company’s stock worth $83,938,000 after purchasing an additional 1,292,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Ero Copper by 119.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,628,030 shares of the company’s stock worth $27,515,000 after buying an additional 885,630 shares during the period. TD Asset Management Inc boosted its stake in Ero Copper by 56.2% during the second quarter. TD Asset Management Inc now owns 1,460,342 shares of the company’s stock worth $24,616,000 after acquiring an additional 525,252 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Ero Copper in the second quarter worth about $6,686,000. Finally, Sprott Inc. increased its holdings in shares of Ero Copper by 64.3% during the first quarter. Sprott Inc. now owns 748,185 shares of the company’s stock valued at $9,068,000 after acquiring an additional 292,896 shares in the last quarter. Hedge funds and other institutional investors own 71.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ERO. Weiss Ratings reissued a “hold (c)” rating on shares of Ero Copper in a research report on Wednesday, October 8th. Wall Street Zen raised Ero Copper from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. The Goldman Sachs Group raised their price objective on Ero Copper from $18.50 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Stifel Canada lowered Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Finally, Zacks Research downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.00.

Ero Copper Stock Performance

Shares of ERO opened at $25.25 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.80 and a current ratio of 1.05. Ero Copper Corp. has a one year low of $9.30 and a one year high of $25.78. The stock has a 50-day moving average of $21.47 and a two-hundred day moving average of $17.18. The stock has a market cap of $2.62 billion, a P/E ratio of 18.43 and a beta of 1.25.

Ero Copper (NYSE:ERO) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). The business had revenue of $177.10 million during the quarter, compared to analyst estimates of $309.30 million. Ero Copper had a return on equity of 17.96% and a net margin of 26.63%. As a group, research analysts predict that Ero Copper Corp. will post 0.71 EPS for the current year.

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.