Ero Copper Corp. (NYSE:ERO) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ero Copper Corp. (NYSE:ERO) by 5.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,527,158 shares of the company’s stock after acquiring an additional 176,637 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Ero Copper were worth $47,529,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwest & Ethical Investments L.P. increased its position in Ero Copper by 19.1% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock worth $88,000 after purchasing an additional 1,050 shares during the last quarter. Sentry Investment Management LLC increased its position in Ero Copper by 5.8% during the fourth quarter. Sentry Investment Management LLC now owns 21,716 shares of the company’s stock worth $293,000 after purchasing an additional 1,188 shares during the last quarter. Swiss National Bank increased its position in Ero Copper by 0.6% during the fourth quarter. Swiss National Bank now owns 194,100 shares of the company’s stock worth $2,616,000 after purchasing an additional 1,200 shares during the last quarter. BTG Pactual Asset Management US LLC increased its position in Ero Copper by 12.6% during the fourth quarter. BTG Pactual Asset Management US LLC now owns 13,173 shares of the company’s stock worth $178,000 after purchasing an additional 1,473 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Ero Copper by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 48,667 shares of the company’s stock worth $662,000 after purchasing an additional 1,727 shares during the last quarter. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Ero Copper Trading Down 1.6%

NYSE ERO opened at $13.40 on Wednesday. The firm has a 50 day simple moving average of $12.16 and a 200-day simple moving average of $13.67. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. Ero Copper Corp. has a one year low of $9.30 and a one year high of $24.34. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 78.82 and a beta of 1.10.

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

Analyst Ratings Changes

ERO has been the subject of several recent analyst reports. National Bank Financial upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. National Bankshares raised shares of Ero Copper from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 6th. Raymond James reaffirmed an “outperform” rating on shares of Ero Copper in a research note on Friday, April 4th. TD Cowen raised shares of Ero Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Finally, BMO Capital Markets initiated coverage on shares of Ero Copper in a research note on Wednesday, April 16th. They set an “outperform” rating for the company. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.