Ero Copper Corp. (NYSE:ERO) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in Ero Copper Corp. (NYSE:ERO) by 42.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 753,091 shares of the company’s stock after acquiring an additional 225,566 shares during the period. Russell Investments Group Ltd. owned 0.73% of Ero Copper worth $11,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ERO. Montrusco Bolton Investments Inc. raised its stake in shares of Ero Copper by 245.2% in the third quarter. Montrusco Bolton Investments Inc. now owns 642,010 shares of the company’s stock worth $11,121,000 after purchasing an additional 456,033 shares during the last quarter. Jennison Associates LLC lifted its stake in Ero Copper by 4.9% during the 3rd quarter. Jennison Associates LLC now owns 3,544,861 shares of the company’s stock valued at $61,161,000 after acquiring an additional 165,982 shares during the period. Impala Asset Management LLC boosted its holdings in shares of Ero Copper by 23.1% in the 3rd quarter. Impala Asset Management LLC now owns 1,836,510 shares of the company’s stock valued at $31,661,000 after acquiring an additional 344,410 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of Ero Copper by 3.9% in the third quarter. Public Sector Pension Investment Board now owns 175,208 shares of the company’s stock worth $3,035,000 after acquiring an additional 6,631 shares during the period. Finally, FMR LLC raised its holdings in shares of Ero Copper by 3.7% during the third quarter. FMR LLC now owns 10,719,365 shares of the company’s stock worth $184,832,000 after purchasing an additional 379,686 shares during the last quarter. Hedge funds and other institutional investors own 71.30% of the company’s stock.

Wall Street Analyst Weigh In

ERO has been the topic of several recent research reports. Pi Financial raised shares of Ero Copper from a “neutral” rating to a “buy” rating in a report on Thursday, April 18th. Jefferies Financial Group began coverage on Ero Copper in a research note on Friday. They issued a “hold” rating on the stock. Finally, TheStreet upgraded Ero Copper from a “c” rating to a “b-” rating in a research report on Friday, March 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $24.00.

Ero Copper Trading Up 1.9 %

Shares of Ero Copper stock opened at $20.82 on Friday. Ero Copper Corp. has a fifty-two week low of $11.35 and a fifty-two week high of $24.38. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.94 and a current ratio of 1.23. The company has a market cap of $2.14 billion, a P/E ratio of 21.24 and a beta of 1.21. The firm has a 50-day simple moving average of $19.16 and a two-hundred day simple moving average of $16.15.

Ero Copper (NYSE:ERO) last announced its earnings results on Thursday, March 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). Ero Copper had a return on equity of 13.16% and a net margin of 21.71%. The business had revenue of $116.41 million for the quarter, compared to analyst estimates of $104.20 million. During the same period in the previous year, the company earned $0.24 earnings per share. As a group, equities analysts predict that Ero Copper Corp. will post 1.6 earnings per share for the current fiscal 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.