Temasek Holdings Private Ltd Buys 50,400 Shares of Ero Copper Corp. (NYSE:ERO)

Temasek Holdings Private Ltd increased its holdings in Ero Copper Corp. (NYSE:ERO - Free Report) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 592,821 shares of the company's stock after purchasing an additional 50,400 shares during the quarter. Temasek Holdings Private Ltd owned 0.57% of Ero Copper worth $7,991,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ERO. State of Wyoming purchased a new position in shares of Ero Copper in the fourth quarter valued at about $76,000. Synergy Asset Management LLC purchased a new position in shares of Ero Copper in the fourth quarter valued at about $78,000. Northwest & Ethical Investments L.P. increased its position in shares of Ero Copper by 19.1% in the fourth 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. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Ero Copper in the fourth quarter valued at about $125,000. Finally, TD Waterhouse Canada Inc. increased its position in shares of Ero Copper by 128.4% in the fourth 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 during the period. Hedge funds and other institutional investors own 71.30% of the company's stock.

Ero Copper Price Performance

ERO traded up $0.25 during trading hours on Wednesday, hitting $13.75. The company's stock had a trading volume of 346,099 shares, compared to its average volume of 397,765. The business's 50-day moving average price is $12.28 and its 200-day moving average price is $13.48. Ero Copper Corp. has a 12 month low of $9.30 and a 12 month high of $23.53. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 80.85 and a beta of 1.10. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71.

Ero Copper (NYSE:ERO - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.18. The business had revenue of $125.10 million for the quarter, compared to analysts' expectations of $179.45 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. Sell-side analysts expect that Ero Copper Corp. will post 0.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Raymond James reiterated an "outperform" rating on shares of Ero Copper in a research report on Friday, April 4th. National Bankshares raised Ero Copper from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, May 6th. BMO Capital Markets initiated coverage on Ero Copper in a research note on Wednesday, April 16th. They issued an "outperform" rating on the stock. StockNews.com upgraded Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, TD Securities reiterated a "buy" rating on shares of Ero Copper in a research note on Wednesday, May 7th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $26.33.

Ero Copper Company 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.