Ero Copper Corp. (NYSE:ERO) Stock Position Raised by Bank of Montreal Can

Bank of Montreal Can boosted its holdings in Ero Copper Corp. (NYSE:ERO - Free Report) by 7.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 728,570 shares of the company's stock after buying an additional 50,455 shares during the period. Bank of Montreal Can owned approximately 0.70% of Ero Copper worth $9,810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Janus Henderson Group PLC raised its stake in shares of Ero Copper by 23.9% in the 3rd quarter. Janus Henderson Group PLC now owns 27,408 shares of the company's stock valued at $600,000 after acquiring an additional 5,286 shares during the period. National Bank of Canada FI increased its holdings in Ero Copper by 13.6% in the 3rd quarter. National Bank of Canada FI now owns 66,183 shares of the company's stock valued at $1,474,000 after purchasing an additional 7,912 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Ero Copper in the third quarter valued at about $654,000. Barclays PLC lifted its stake in shares of Ero Copper by 64.4% during the third quarter. Barclays PLC now owns 33,987 shares of the company's stock worth $757,000 after purchasing an additional 13,309 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Ero Copper by 16.1% in the third quarter. Geode Capital Management LLC now owns 46,940 shares of the company's stock worth $1,050,000 after buying an additional 6,521 shares during the period. 71.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on ERO. Desjardins assumed coverage on Ero Copper in a report on Friday, April 4th. They set a "hold" rating on the stock. BMO Capital Markets initiated coverage on shares of Ero Copper in a research report on Wednesday. They set an "outperform" rating on the stock. TD Securities raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 12th. TD Cowen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Finally, Raymond James restated an "outperform" rating on shares of Ero Copper in a research note on Friday, April 4th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $26.33.

Ero Copper Stock Down 0.0 %

ERO stock traded down $0.01 during mid-day trading on Friday, hitting $10.93. 265,307 shares of the company were exchanged, compared to its average volume of 399,132. The company has a market capitalization of $1.13 billion, a PE ratio of 64.26 and a beta of 1.10. The firm has a fifty day simple moving average of $12.28 and a 200 day simple moving average of $14.69. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71. Ero Copper Corp. has a twelve month low of $9.30 and a twelve month high of $24.34.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate 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, research analysts forecast 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.