Ero Copper Corp. (NYSE:ERO) Shares Bought by CoreCommodity Management LLC

CoreCommodity Management LLC raised its stake in Ero Copper Corp. (NYSE:ERO - Free Report) by 232.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 48,570 shares of the company's stock after purchasing an additional 33,970 shares during the period. CoreCommodity Management LLC's holdings in Ero Copper were worth $654,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in Ero Copper during the 4th quarter worth approximately $567,000. Balyasny Asset Management L.P. acquired a new position in Ero Copper in the fourth quarter worth $185,000. Bank of America Corp DE increased its stake in Ero Copper by 46.2% during the fourth quarter. Bank of America Corp DE now owns 412,925 shares of the company's stock valued at $5,566,000 after purchasing an additional 130,524 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Ero Copper during the fourth quarter worth $146,000. Finally, 683 Capital Management LLC raised its holdings in shares of Ero Copper by 20.4% during the fourth quarter. 683 Capital Management LLC now owns 2,468,367 shares of the company's stock worth $33,272,000 after purchasing an additional 418,367 shares during the period. Institutional investors and hedge funds own 71.30% of the company's stock.

Ero Copper Stock Performance

Shares of ERO traded up $0.02 during trading hours on Friday, reaching $13.39. 419,141 shares of the company's stock traded hands, compared to its average volume of 399,079. Ero Copper Corp. has a twelve month low of $9.30 and a twelve month high of $24.34. The business's fifty day simple moving average is $12.11 and its two-hundred day simple moving average is $13.79. 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 market capitalization of $1.39 billion, a price-to-earnings ratio of 78.76 and a beta of 1.10.

Ero Copper (NYSE:ERO - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.17 by $0.18. The firm had revenue of $125.10 million for the quarter, compared to analysts' expectations of $179.45 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. Analysts predict that Ero Copper Corp. will post 0.71 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on ERO. National Bankshares upgraded shares of Ero Copper from a "sector perform" rating to an "outperform" rating in a research note on Tuesday. National Bank Financial upgraded Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. TD Securities restated a "buy" rating on shares of Ero Copper in a research report on Wednesday. TD Cowen upgraded Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Finally, Raymond James reissued an "outperform" rating on shares of Ero Copper in a report on Friday, April 4th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $26.33.

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.