Boston Partners Has $7.84 Million Position in Ero Copper Corp. $ERO

Key Points

• Boston Partners has reduced its stake in Ero Copper Corp. by 41.3% in the first quarter, bringing its ownership down to 646,560 shares, valued at approximately $7.8 million.
• Several hedge funds have adjusted their positions in Ero Copper, with TD Asset Management Inc. increasing its holdings by 234.1% in the first quarter, owning over 935,000 shares now.
• Ero Copper reported earnings of $0.46 per share, surpassing analysts' estimates of $0.33, with a return on equity of 17.96% and a net margin of 26.63%.

Boston Partners lessened its holdings in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 41.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 646,560 shares of the company's stock after selling 454,705 shares during the quarter. Boston Partners owned approximately 0.62% of Ero Copper worth $7,835,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. J. Safra Sarasin Holding AG raised its position in Ero Copper by 3.2% during the first quarter. J. Safra Sarasin Holding AG now owns 24,266 shares of the company's stock valued at $294,000 after acquiring an additional 753 shares in the last quarter. Geode Capital Management LLC raised its position in Ero Copper by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 48,667 shares of the company's stock valued at $662,000 after acquiring an additional 1,727 shares in the last quarter. Mackenzie Financial Corp raised its position in Ero Copper by 4.2% during the fourth quarter. Mackenzie Financial Corp now owns 47,380 shares of the company's stock valued at $638,000 after acquiring an additional 1,896 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Ero Copper by 8.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 31,915 shares of the company's stock valued at $430,000 after acquiring an additional 2,550 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Ero Copper by 5.7% during the first quarter. Envestnet Asset Management Inc. now owns 55,103 shares of the company's stock valued at $668,000 after acquiring an additional 2,958 shares in the last quarter. Institutional investors own 71.30% of the company's stock.

Ero Copper Stock Performance

Shares of Ero Copper stock traded up $0.2790 during midday trading on Thursday, hitting $13.8590. The company had a trading volume of 90,987 shares, compared to its average volume of 561,791. The business's 50 day simple moving average is $14.85 and its two-hundred day simple moving average is $13.58. The stock has a market cap of $1.44 billion, a PE ratio of 10.13 and a beta of 1.16. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.05 and a quick ratio of 0.80. Ero Copper Corp. has a 1-year low of $9.30 and a 1-year high of $23.40.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.13. The business had revenue of $163.50 million for the quarter, compared to the consensus estimate of $263.23 million. Ero Copper had a net margin of 26.63% and a return on equity of 17.96%. As a group, equities analysts predict that Ero Copper Corp. will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Ero Copper from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Stifel Nicolaus assumed coverage on shares of Ero Copper in a research report on Wednesday, July 9th. They issued a "buy" rating on the stock. National Bankshares reissued a "sector perform" rating on shares of Ero Copper in a research report on Tuesday, August 5th. Scotiabank reissued an "outperform" rating on shares of Ero Copper in a research report on Tuesday, July 8th. Finally, Raymond James Financial raised shares of Ero Copper to a "moderate buy" rating in a research report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Ero Copper presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.50.

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.