Ero Copper Corp. $ERO Shares Bought by Temasek Holdings Private Ltd

Key Points

• Temasek Holdings increased its stake in Ero Copper Corp. by 8.5%, owning 643,221 shares valued at approximately $7.8 million after purchasing an additional 50,400 shares.
• Several institutional investors, including J. Safra Sarasin and PenderFund Capital Management, have also boosted their holdings in Ero Copper, indicating strong interest from hedge funds and institutional players.
• Wall Street analysts give Ero Copper a consensus rating of "Moderate Buy", with a target price of $19.00 as they anticipate positive growth for the company.

Temasek Holdings Private Ltd raised its position in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 8.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 643,221 shares of the company's stock after buying an additional 50,400 shares during the quarter. Temasek Holdings Private Ltd owned about 0.62% of Ero Copper worth $7,796,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ERO. GMT Capital Corp boosted its stake in Ero Copper by 22.9% during the first quarter. GMT Capital Corp now owns 6,931,025 shares of the company's stock worth $83,938,000 after buying an additional 1,292,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Ero Copper during the first quarter valued at approximately $8,994,000. TD Asset Management Inc boosted its holdings in shares of Ero Copper by 234.1% in the first quarter. TD Asset Management Inc now owns 935,090 shares of the company's stock valued at $11,324,000 after purchasing an additional 655,232 shares during the period. Sprott Inc. grew its stake in Ero Copper by 64.3% in the first quarter. Sprott Inc. now owns 748,185 shares of the company's stock worth $9,068,000 after purchasing an additional 292,896 shares in the last quarter. Finally, Decade Renewable Partners LP increased its holdings in Ero Copper by 61.6% during the 1st quarter. Decade Renewable Partners LP now owns 721,700 shares of the company's stock worth $8,743,000 after purchasing an additional 275,100 shares during the period. 71.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Ero Copper from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. National Bankshares reiterated a "sector perform" rating on shares of Ero Copper in a report on Tuesday, August 5th. Stifel Canada upgraded Ero Copper to a "strong-buy" rating in a report on Tuesday, July 8th. Raymond James Financial upgraded Ero Copper to a "moderate buy" rating in a report on Monday, June 30th. Finally, Scotiabank reiterated an "outperform" rating on shares of Ero Copper in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $19.00.

Ero Copper Stock Performance

ERO traded up $0.51 on Wednesday, reaching $16.26. 825,484 shares of the stock were exchanged, compared to its average volume of 581,826. The company's 50-day moving average price is $14.45 and its 200 day moving average price is $13.70. Ero Copper Corp. has a fifty-two week low of $9.30 and a fifty-two week high of $23.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.05 and a quick ratio of 0.80. The firm has a market capitalization of $1.68 billion, a PE ratio of 11.86 and a beta of 1.16.

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

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.