Ero Copper Corp. $ERO Shares Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP raised its holdings in shares of Ero Copper Corp. (NYSE:ERO) by 34.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 893,832 shares of the company’s stock after buying an additional 228,194 shares during the period. Artemis Investment Management LLP owned about 0.86% of Ero Copper worth $32,837,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Ero Copper during the 4th quarter worth $38,000. PenderFund Capital Management Ltd. purchased a new stake in shares of Ero Copper during the second quarter valued at $39,000. Banque Cantonale Vaudoise boosted its position in shares of Ero Copper by 20.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 9,000 shares of the company’s stock valued at $239,000 after purchasing an additional 1,500 shares during the period. Corient Private Wealth LP purchased a new position in Ero Copper in the 2nd quarter worth about $242,000. Finally, Themes Management Co LLC purchased a new position in Ero Copper in the 1st quarter worth about $255,000. Institutional investors and hedge funds own 71.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Ero Copper in a research report on Wednesday, September 23rd. Freedom Broker lowered Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Bradesco Corretora downgraded Ero Copper from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Ero Copper in a research report on Tuesday, September 1st. Finally, Zacks Research upgraded Ero Copper from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.33.

Ero Copper Stock Down 3.2%

ERO stock traded down $1.17 during mid-day trading on Thursday, hitting $35.61. The stock had a trading volume of 421,988 shares, compared to its average volume of 1,449,867. Ero Copper Corp. has a 1-year low of $19.09 and a 1-year high of $40.83. The company has a fifty day moving average of $35.27 and a 200 day moving average of $30.22. The company has a current ratio of 1.30, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 0.30 and a beta of 1.27.

Ero Copper (NYSE:ERO) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. The business had revenue of $284.30 million for the quarter, compared to the consensus estimate of $277.64 million. Ero Copper had a net margin of 29.79% and a return on equity of 30.32%. On average, equities analysts expect that Ero Copper Corp. will post 4.28 EPS for the current fiscal year.

About Ero Copper

Ero Copper Corp. is a Canadian mining company focused on the exploration, development and production of copper, gold and other mineral resources in Brazil. The company is headquartered in Vancouver, British Columbia, and its shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol ERO.

Ero Copper’s principal assets include the Caraíba Mining Complex in the state of Bahia, which produces copper, and the NX Gold operation in Mato Grosso, which produces gold.