21,000 Shares in Ero Copper Corp. (NYSE:ERO) Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Ero Copper Corp. (NYSE:ERO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,000 shares of the company's stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. State of Wyoming acquired a new stake in Ero Copper during the 4th quarter worth approximately $76,000. Northwest & Ethical Investments L.P. raised its stake in shares of Ero Copper by 19.1% in the 4th 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. TD Waterhouse Canada Inc. lifted its holdings in shares of Ero Copper by 128.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company's stock valued at $143,000 after acquiring an additional 6,000 shares in the last quarter. Deutsche Bank AG boosted its position in Ero Copper by 59.5% during the 4th quarter. Deutsche Bank AG now owns 10,700 shares of the company's stock worth $144,000 after purchasing an additional 3,990 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in Ero Copper in the 4th quarter valued at $146,000. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

Ero Copper Stock Down 4.5%

Shares of Ero Copper stock traded down $0.76 during trading on Monday, reaching $16.21. The company had a trading volume of 838,429 shares, compared to its average volume of 421,768. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.80 and a current ratio of 1.05. Ero Copper Corp. has a fifty-two week low of $9.30 and a fifty-two week high of $23.40. The firm's fifty day moving average is $14.73 and its 200-day moving average is $13.50. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 95.36 and a beta of 1.18.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.18. The firm had revenue of $125.10 million for the quarter, compared to analysts' expectations of $179.45 million. Ero Copper had a return on equity of 14.24% and a net margin of 3.87%. On average, analysts anticipate that Ero Copper Corp. will post 0.71 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ERO. National Bankshares upgraded Ero Copper from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, May 6th. Raymond James Financial upgraded shares of Ero Copper to a "moderate buy" rating in a research note on Monday, June 30th. National Bank Financial raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Desjardins assumed coverage on shares of Ero Copper in a report on Friday, April 4th. They set a "hold" rating for the company. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Ero Copper in a report on Friday. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ero Copper presently has an average rating of "Buy" and a consensus target price of $26.33.

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.