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 lifted its stake 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. The fund 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 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ERO. Acuitas Investments LLC acquired a new position in shares of Ero Copper in the 1st quarter valued at $39,000. State of Wyoming acquired a new position in shares of Ero Copper in the 4th quarter valued at $76,000. Northwest & Ethical Investments L.P. increased its holdings in shares of Ero Copper by 22.6% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 8,033 shares of the company's stock valued at $97,000 after acquiring an additional 1,483 shares during the period. Deutsche Bank AG increased its holdings in shares of Ero Copper by 59.5% in the 4th quarter. Deutsche Bank AG now owns 10,700 shares of the company's stock valued at $144,000 after acquiring an additional 3,990 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of Ero Copper in the 4th quarter valued at $146,000. 71.30% of the stock is owned by institutional investors and hedge funds.

Ero Copper Trading Down 1.1%

NYSE:ERO traded down $0.18 on Friday, reaching $16.75. The stock had a trading volume of 424,624 shares, compared to its average volume of 581,647. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 12.23 and a beta of 1.16. 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's fifty day moving average is $14.45 and its two-hundred day moving average is $13.72. Ero Copper Corp. has a 12-month low of $9.30 and a 12-month high of $23.40.

Ero Copper (NYSE:ERO - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.13. The company had revenue of $163.50 million for the quarter, compared to analyst estimates of $263.23 million. Ero Copper had a net margin of 26.63% and a return on equity of 17.96%. Equities analysts expect that Ero Copper Corp. will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ERO shares. Stifel Nicolaus assumed coverage on shares of Ero Copper in a report on Wednesday, July 9th. They issued a "buy" rating on the stock. Wall Street Zen cut shares of Ero Copper from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. National Bankshares reissued a "sector perform" rating on shares of Ero Copper in a research note on Tuesday, August 5th. Stifel Canada raised shares of Ero Copper to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Ero Copper in a research note on Friday, July 4th. 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 company's stock. According to data from MarketBeat.com, Ero Copper has an average rating of "Moderate Buy" and an average price target 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.