Amundi Has $6.95 Million Holdings in Ero Copper Corp. $ERO

Key Points

• Amundi increased its holdings in Ero Copper Corp. by 6.7% during the first quarter, owning approximately 0.60% of the company valued at $6.95 million.
• Several institutional investors have also increased their stakes in Ero Copper, bringing the total institutional ownership to 71.30%.
• Ero Copper reported earnings of $0.46 per share for the last quarter, beating estimates, with revenue of $163.5 million compared to expectations of $263.23 million.

Amundi grew its position in Ero Copper Corp. (NYSE:ERO - Free Report) by 6.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 617,803 shares of the company's stock after purchasing an additional 38,923 shares during the period. Amundi owned about 0.60% of Ero Copper worth $6,950,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Acuitas Investments LLC acquired a new position in Ero Copper during the 1st quarter worth about $39,000. State of Wyoming acquired a new position in shares of Ero Copper during the fourth quarter worth approximately $76,000. Northwest & Ethical Investments L.P. grew its stake in shares of Ero Copper by 22.6% during the first quarter. Northwest & Ethical Investments L.P. now owns 8,033 shares of the company's stock valued at $97,000 after purchasing an additional 1,483 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Ero Copper by 59.5% during the fourth quarter. Deutsche Bank AG now owns 10,700 shares of the company's stock valued at $144,000 after purchasing an additional 3,990 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Ero Copper in the fourth quarter valued at approximately $146,000. Institutional investors and hedge funds own 71.30% of the company's stock.

Ero Copper Stock Performance

Shares of ERO traded down $0.01 during trading hours on Friday, hitting $16.93. The company had a trading volume of 732,378 shares, compared to its average volume of 646,691. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 12.35 and a beta of 1.16. The business has a fifty day moving average of $14.45 and a 200-day moving average of $13.76. Ero Copper Corp. has a 12 month low of $9.30 and a 12 month high of $23.40. The company has a quick ratio of 0.80, a current ratio of 1.05 and a debt-to-equity ratio of 0.83.

Ero Copper (NYSE:ERO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.46 EPS for the quarter, beating 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%. Equities analysts anticipate that Ero Copper Corp. will post 0.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stifel Nicolaus assumed coverage on Ero Copper in a research note on Wednesday, July 9th. They set a "buy" rating on the stock. National Bank Financial lowered shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 9th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Ero Copper in a research note on Friday, July 4th. Scotiabank reaffirmed an "outperform" rating on shares of Ero Copper in a research note on Tuesday, July 8th. Finally, Stifel Canada raised shares of Ero Copper to a "strong-buy" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Ero Copper currently has an average rating of "Moderate Buy" and a consensus target price of $19.00.

Ero Copper 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.