Ero Copper Corp. $ERO Stock Sold by Quattro Financial Advisors LLC

Key Points

• Quattro Financial Advisors cut its Ero Copper stake by 50% in the third quarter, selling 62,710 shares and retaining the same number. Its remaining position was worth approximately $2.3 million, or 0.06% of the company.
• Ero Copper reported quarterly EPS of $0.83, beating analyst estimates of $0.74, while revenue reached $284.3 million versus expectations of $277.64 million. Institutional investors collectively own 71.3% of the stock.
• Analyst opinions remain mixed but lean positive: the stock carries a consensus “Moderate Buy” rating, with an average price target of $32.33, while ERO recently traded at $34.73.

Quattro Financial Advisors LLC lessened its holdings in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 50.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 62,710 shares of the company's stock after selling 62,710 shares during the period. Quattro Financial Advisors LLC owned 0.06% of Ero Copper worth $2,301,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ERO. Engineers Gate Manager LP increased its holdings in shares of Ero Copper by 0.8% in the second quarter. Engineers Gate Manager LP now owns 37,573 shares of the company's stock valued at $1,005,000 after purchasing an additional 285 shares in the last quarter. Corient Private Wealth LP boosted its position in Ero Copper by 4.0% in the 2nd quarter. Corient Private Wealth LP now owns 9,046 shares of the company's stock valued at $242,000 after buying an additional 348 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ero Copper in the 4th quarter valued at $38,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Ero Copper in the 2nd quarter valued at $39,000. Finally, Banque Cantonale Vaudoise increased its stake in shares of Ero Copper by 20.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 9,000 shares of the company's stock valued at $239,000 after buying an additional 1,500 shares during the period. Institutional investors own 71.30% of the company's stock.

Ero Copper Stock Performance

ERO stock opened at $34.73 on Friday. The business's fifty day moving average is $36.17 and its 200-day moving average is $30.70. The company has a quick ratio of 0.81, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. The company has a market cap of $3.63 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 0.27 and a beta of 1.27. Ero Copper Corp. has a twelve month low of $19.09 and a twelve month high of $40.83.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.09. The business had revenue of $284.30 million during the quarter, compared to analysts' expectations of $277.64 million. Ero Copper had a return on equity of 30.32% and a net margin of 29.79%. Equities research analysts forecast that Ero Copper Corp. will post 4.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ERO shares. Freedom Broker downgraded Ero Copper from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 3rd. Scotiabank cut Ero Copper from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday. Wall Street Zen upgraded Ero Copper from a "hold" rating to a "buy" rating in a research report on Saturday, September 26th. Weiss Ratings raised Ero Copper from a "hold (c+)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Finally, Bank of America raised Ero Copper from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $30.00 to $34.00 in a report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.33.

Ero Copper Profile

Ero Copper Corp. is a Canadian mining company focused on the exploration, development and production of copper, gold and other mineral resources in Brazil. The company is headquartered in Vancouver, British Columbia, and its shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol ERO.

Ero Copper's principal assets include the Caraíba Mining Complex in the state of Bahia, which produces copper, and the NX Gold operation in Mato Grosso, which produces gold.

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