Concurrent Investment Advisors LLC Makes New Investment in Ero Copper Corp. $ERO

Key Points

• Concurrent Investment Advisors LLC established a new position in Ero Copper (NYSE: ERO) in Q4, purchasing 40,351 shares valued at approximately $1.142 million.
• About 71.30% of ERO is owned by institutional investors; the stock is trading near $25.84 with a market cap of roughly $2.7 billion, a P/E of 10.17 and a 52‑week range of $12.38–$39.80.
• Analyst sentiment is mixed—recent upgrades and downgrades leave a consensus rating of Hold with a $31.50 target, and the company recently missed quarterly expectations (EPS $1.04 vs $1.06; revenue $320.2M vs $430.5M est.).

Concurrent Investment Advisors LLC acquired a new position in shares of Ero Copper Corp. (NYSE:ERO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,351 shares of the company's stock, valued at approximately $1,142,000.

Several other large investors have also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. grew its stake in Ero Copper by 2.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 17,852 shares of the company's stock worth $503,000 after buying an additional 380 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Ero Copper during the fourth quarter valued at approximately $25,000. Geode Capital Management LLC grew its stake in shares of Ero Copper by 3.4% during the second quarter. Geode Capital Management LLC now owns 55,170 shares of the company's stock valued at $936,000 after purchasing an additional 1,823 shares during the last quarter. Samalin Investment Counsel LLC grew its stake in shares of Ero Copper by 5.3% during the third quarter. Samalin Investment Counsel LLC now owns 38,074 shares of the company's stock valued at $770,000 after purchasing an additional 1,916 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Ero Copper by 8.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,226 shares of the company's stock valued at $1,026,000 after purchasing an additional 2,834 shares during the last quarter. 71.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America cut shares of Ero Copper from a "buy" rating to a "neutral" rating in a research note on Monday, February 9th. ATB Cormark Capital Markets raised shares of Ero Copper to a "moderate buy" rating in a research note on Friday, February 6th. Wall Street Zen raised shares of Ero Copper from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. Raymond James Financial cut shares of Ero Copper from a "moderate buy" rating to a "hold" rating in a research note on Monday, February 9th. Finally, Zacks Research cut shares of Ero Copper from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $31.50.

Ero Copper Trading Down 0.4%

Shares of NYSE ERO opened at $25.84 on Friday. The company's 50 day simple moving average is $28.34 and its 200 day simple moving average is $27.20. Ero Copper Corp. has a fifty-two week low of $12.38 and a fifty-two week high of $39.80. The firm has a market capitalization of $2.70 billion, a P/E ratio of 10.17 and a beta of 1.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.82 and a quick ratio of 0.46.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings data on Thursday, March 5th. The company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.02). Ero Copper had a net margin of 33.56% and a return on equity of 27.09%. The business had revenue of $320.20 million during the quarter, compared to analyst estimates of $430.46 million. On average, analysts predict that Ero Copper Corp. will post 4.05 EPS for the current year.

Ero Copper Profile

Ero Copper Corp NYSE: ERO is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.

The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.

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