Ero Copper Corp. (NYSE:ERO) Shares Acquired by Decade Renewable Partners LP

Decade Renewable Partners LP boosted its stake in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 35.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 446,600 shares of the company's stock after purchasing an additional 116,200 shares during the period. Ero Copper makes up about 2.9% of Decade Renewable Partners LP's portfolio, making the stock its 16th biggest position. Decade Renewable Partners LP owned approximately 0.43% of Ero Copper worth $6,018,000 as of its most recent filing with the Securities and Exchange Commission.

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

Ero Copper Price Performance

NYSE ERO traded up $0.23 on Friday, hitting $12.78. The company had a trading volume of 327,878 shares, compared to its average volume of 397,646. 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 company has a market capitalization of $1.32 billion, a PE ratio of 75.18 and a beta of 1.10. Ero Copper Corp. has a 12-month low of $9.30 and a 12-month high of $24.34. The company's fifty day moving average price is $11.97 and its 200-day moving average price is $14.01.

Ero Copper (NYSE:ERO - Get Free Report) last released its quarterly earnings results 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 return on equity of 11.30% and a net margin of 3.67%. The company had revenue of $122.50 million for the quarter, compared to analyst estimates of $183.26 million. As a group, analysts predict that Ero Copper Corp. will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ERO shares. TD Securities raised Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 12th. Desjardins started coverage on Ero Copper in a report on Friday, April 4th. They issued a "hold" rating for the company. BMO Capital Markets began coverage on shares of Ero Copper in a research note on Wednesday, April 16th. They set an "outperform" rating on the stock. Raymond James reaffirmed an "outperform" rating on shares of Ero Copper in a report on Friday, April 4th. Finally, TD Cowen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price 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.