683 Capital Management LLC Grows Stock Position in Ero Copper Corp. (NYSE:ERO)

683 Capital Management LLC grew its stake in Ero Copper Corp. (NYSE:ERO - Free Report) by 20.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,468,367 shares of the company's stock after acquiring an additional 418,367 shares during the quarter. Ero Copper comprises approximately 2.1% of 683 Capital Management LLC's portfolio, making the stock its 7th biggest holding. 683 Capital Management LLC owned approximately 2.38% of Ero Copper worth $33,272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in ERO. Geode Capital Management LLC grew its stake in Ero Copper by 16.1% in the 3rd quarter. Geode Capital Management LLC now owns 46,940 shares of the company's stock worth $1,050,000 after acquiring an additional 6,521 shares during the period. Barclays PLC grew its position in shares of Ero Copper by 64.4% in the third quarter. Barclays PLC now owns 33,987 shares of the company's stock valued at $757,000 after purchasing an additional 13,309 shares during the period. Tidal Investments LLC increased its stake in Ero Copper by 142.5% in the third quarter. Tidal Investments LLC now owns 51,557 shares of the company's stock valued at $1,149,000 after purchasing an additional 30,299 shares during the last quarter. Canoe Financial LP purchased a new position in Ero Copper during the fourth quarter worth about $456,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Ero Copper in the 4th quarter worth about $125,000. Institutional investors and hedge funds own 71.30% of the company's stock.

Ero Copper Stock Down 4.3 %

Ero Copper stock traded down $0.61 during midday trading on Wednesday, hitting $13.54. 233,449 shares of the stock were exchanged, compared to its average volume of 399,259. 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 50 day moving average price of $12.01 and a two-hundred day moving average price of $13.88. The firm has a market cap of $1.40 billion, a P/E ratio of 79.55 and a beta of 1.10. Ero Copper Corp. has a 1 year low of $9.30 and a 1 year high of $24.34.

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

Wall Street Analyst Weigh In

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

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.