Kapitalo Investimentos Ltda Increases Holdings in Ero Copper Corp. (NYSE:ERO)

Kapitalo Investimentos Ltda boosted its position in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 578,767 shares of the company's stock after purchasing an additional 65,997 shares during the period. Ero Copper comprises 5.2% of Kapitalo Investimentos Ltda's holdings, making the stock its 7th largest position. Kapitalo Investimentos Ltda owned approximately 0.56% of Ero Copper worth $7,802,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwest & Ethical Investments L.P. boosted 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 worth $88,000 after buying an additional 1,050 shares during the last quarter. Sentry Investment Management LLC boosted its position in Ero Copper by 5.8% during the fourth 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 grew its stake in Ero Copper by 0.6% in the fourth quarter. Swiss National Bank now owns 194,100 shares of the company's stock valued at $2,616,000 after purchasing an additional 1,200 shares in the last quarter. BTG Pactual Asset Management US LLC increased its position in shares of Ero Copper by 12.6% during the 4th quarter. BTG Pactual Asset Management US LLC now owns 13,173 shares of the company's stock worth $178,000 after purchasing an additional 1,473 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Ero Copper by 3.7% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 71.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on ERO shares. TD Cowen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. TD Securities upgraded Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 12th. Desjardins started coverage on Ero Copper in a research report on Friday, April 4th. They issued a "hold" rating for the company. BMO Capital Markets initiated coverage on Ero Copper in a report on Wednesday, April 16th. They set an "outperform" rating on the stock. Finally, Raymond James reaffirmed an "outperform" rating on shares of Ero Copper in a report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $26.33.

Ero Copper Stock Performance

ERO traded down $0.08 during trading on Monday, hitting $12.74. The stock had a trading volume of 160,005 shares, compared to its average volume of 397,030. 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 cap of $1.32 billion, a price-to-earnings ratio of 74.56 and a beta of 1.10. The company has a 50 day moving average price of $11.97 and a 200-day moving average price of $13.92. Ero Copper Corp. has a one year low of $9.30 and a one year high of $24.34.

Ero Copper (NYSE:ERO - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.17 EPS 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 during the quarter, compared to analyst estimates of $183.26 million. As a group, research analysts predict that Ero Copper Corp. will post 0.71 EPS for the current 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.