Ero Copper Corp. $ERO Shares Sold by UBS Group AG

UBS Group AG reduced its stake in shares of Ero Copper Corp. (NYSE:ERO) by 59.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,501 shares of the company’s stock after selling 184,684 shares during the quarter. UBS Group AG’s holdings in Ero Copper were worth $3,635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FNY Investment Advisers LLC purchased a new stake in shares of Ero Copper in the fourth quarter valued at about $25,000. Banque Cantonale Vaudoise purchased a new stake in shares of Ero Copper in the third quarter valued at about $111,000. SG Americas Securities LLC purchased a new stake in shares of Ero Copper in the fourth quarter valued at about $115,000. Shay Capital LLC purchased a new stake in shares of Ero Copper in the third quarter valued at about $202,000. Finally, Versor Investments LP purchased a new stake in shares of Ero Copper in the third quarter valued at about $217,000. 71.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ERO has been the subject of a number of research reports. ATB Cormark Capital Markets raised shares of Ero Copper to a “moderate buy” rating in a report on Friday, February 6th. National Bank Financial upgraded shares of Ero Copper from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 5th. Zacks Research lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Raymond James Financial lowered shares of Ero Copper from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Bank of America lowered shares of Ero Copper from a “buy” rating to a “neutral” rating in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ero Copper currently has an average rating of “Moderate Buy” and an average price target of $31.50.

Ero Copper Stock Up 1.1%

ERO stock opened at $27.00 on Friday. The company has a market cap of $2.82 billion, a P/E ratio of 9.61 and a beta of 1.13. Ero Copper Corp. has a 52 week low of $12.79 and a 52 week high of $39.80. The company’s 50-day moving average price is $27.48 and its 200 day moving average price is $27.85. The company has a current ratio of 0.82, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.

Ero Copper (NYSE:ERO) last released its quarterly earnings data on Monday, May 4th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.13. The firm had revenue of $263.20 million for the quarter, compared to the consensus estimate of $245.51 million. Ero Copper had a net margin of 31.63% and a return on equity of 29.86%. On average, research analysts expect that Ero Copper Corp. will post 3.9 earnings per share for the current fiscal year.

Ero Copper Company Profile

Ero Copper Corp (NYSE: ERO) is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.

The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.