GMT Capital Corp Reduces Position in Ero Copper Corp. (NYSE:ERO)

GMT Capital Corp decreased its position in Ero Copper Corp. (NYSE:ERO - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,638,925 shares of the company's stock after selling 494,942 shares during the quarter. Ero Copper comprises approximately 3.7% of GMT Capital Corp's holdings, making the stock its 10th largest position. GMT Capital Corp owned approximately 5.45% of Ero Copper worth $75,986,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ERO. Synergy Asset Management LLC acquired a new position in shares of Ero Copper in the 4th quarter valued at $78,000. Northwest & Ethical Investments L.P. raised 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 valued at $88,000 after acquiring an additional 1,050 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Ero Copper in the 4th quarter valued at approximately $125,000. TD Waterhouse Canada Inc. boosted its stake in Ero Copper by 128.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company's stock worth $143,000 after purchasing an additional 6,000 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Ero Copper during the 4th quarter worth approximately $162,000. Institutional investors own 71.30% of the company's stock.

Analyst Ratings Changes

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

Ero Copper Stock Up 0.4 %

ERO stock traded up $0.05 during trading hours on Monday, hitting $12.67. The company's stock had a trading volume of 150,770 shares, compared to its average volume of 399,551. The company has a market capitalization of $1.31 billion, a PE ratio of 74.52 and a beta of 1.10. The stock has a 50 day moving average price of $12.01 and a two-hundred day moving average price of $14.19. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. Ero Copper Corp. has a 12 month low of $9.30 and a 12 month high of $24.34.

Ero Copper (NYSE:ERO - Get Free Report) last posted its 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). The company had revenue of $122.50 million for the quarter, compared to the consensus estimate of $183.26 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. On average, equities research analysts expect that Ero Copper Corp. will post 0.71 earnings per share for the current year.

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.