Bridgewater Associates LP Has $11.03 Million Holdings in Ero Copper Corp. (NYSE:ERO)

Bridgewater Associates LP increased its position in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 400.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 818,269 shares of the company's stock after acquiring an additional 654,684 shares during the quarter. Bridgewater Associates LP owned approximately 0.79% of Ero Copper worth $11,026,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwest & Ethical Investments L.P. increased its stake in shares of Ero Copper by 19.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company's stock valued at $88,000 after acquiring an additional 1,050 shares during the last quarter. Sentry Investment Management LLC boosted its holdings in shares of Ero Copper by 5.8% in the 4th quarter. Sentry Investment Management LLC now owns 21,716 shares of the company's stock valued at $293,000 after purchasing an additional 1,188 shares during the last quarter. Swiss National Bank increased its holdings in shares of Ero Copper by 0.6% during the 4th quarter. Swiss National Bank now owns 194,100 shares of the company's stock worth $2,616,000 after buying an additional 1,200 shares during the last quarter. BTG Pactual Asset Management US LLC raised its position in shares of Ero Copper by 12.6% in the 4th quarter. BTG Pactual Asset Management US LLC now owns 13,173 shares of the company's stock worth $178,000 after buying an additional 1,473 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Ero Copper by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 48,667 shares of the company's stock valued at $662,000 after acquiring an additional 1,727 shares during the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ERO has been the topic of a number of research reports. Raymond James restated an "outperform" rating on shares of Ero Copper in a report on Friday, April 4th. TD Securities raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 12th. Desjardins initiated coverage on Ero Copper in a report on Friday, April 4th. They issued a "hold" rating for the company. TD Cowen raised shares of Ero Copper from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets assumed coverage on Ero Copper in a research note on Wednesday, April 16th. They set an "outperform" rating for the company. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $26.33.

Ero Copper Stock Up 1.3 %

Shares of ERO stock traded up $0.14 on Tuesday, reaching $11.06. 201,549 shares of the company's stock traded hands, compared to its average volume of 518,768. The business's 50 day moving average price is $12.20 and its two-hundred day moving average price is $14.43. Ero Copper Corp. has a 12-month low of $9.30 and a 12-month high of $24.34. The company has a market capitalization of $1.15 billion, a P/E ratio of 65.06 and a beta of 1.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68.

Ero Copper (NYSE:ERO - Get Free Report) last issued 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 business had revenue of $122.50 million for the quarter, compared to the consensus estimate of $183.26 million. On average, equities analysts forecast that Ero Copper Corp. will post 0.71 earnings per share for the current year.

Ero Copper 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.