Boston Partners Has $14.85 Million Stock Position in Ero Copper Corp. (NYSE:ERO)

Boston Partners increased its holdings in shares of Ero Copper Corp. (NYSE:ERO) by 66.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,101,265 shares of the company’s stock after acquiring an additional 441,413 shares during the quarter. Boston Partners’ holdings in Ero Copper were worth $14,850,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Toronto Dominion Bank raised its position in shares of Ero Copper by 2,172.6% during the third quarter. Toronto Dominion Bank now owns 57,702 shares of the company’s stock worth $1,285,000 after purchasing an additional 55,163 shares during the period. Jennison Associates LLC grew its position in shares of Ero Copper by 3.5% in the 4th quarter. Jennison Associates LLC now owns 5,909,627 shares of the company’s stock valued at $79,645,000 after purchasing an additional 198,800 shares during the period. Canoe Financial LP bought a new stake in Ero Copper during the 4th quarter worth approximately $456,000. Montrusco Bolton Investments Inc. raised its holdings in Ero Copper by 3.9% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 775,356 shares of the company’s stock worth $10,448,000 after buying an additional 28,999 shares during the period. Finally, Sprott Inc. lifted its stake in Ero Copper by 42.2% in the fourth quarter. Sprott Inc. now owns 455,289 shares of the company’s stock valued at $6,137,000 after buying an additional 135,049 shares in the last quarter. 71.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ERO. TD Cowen raised shares of Ero Copper from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group began coverage on Ero Copper in a report on Monday, December 2nd. They set a “buy” rating and a $19.00 target price for the company. Finally, TD Securities upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $26.33.

Ero Copper Trading Down 0.8 %

Ero Copper stock opened at $13.81 on Friday. Ero Copper Corp. has a one year low of $11.11 and a one year high of $24.34. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 81.21 and a beta of 1.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. The firm has a 50-day moving average of $13.32 and a 200-day moving average of $16.04.

Ero Copper (NYSE:ERO) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. The firm had revenue of $122.50 million during the quarter, compared to the consensus estimate of $183.26 million. On average, equities analysts expect that Ero Copper Corp. will post 0.71 earnings per share 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.