Temasek Holdings Private Ltd lifted its stake in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 592,821 shares of the company's stock after acquiring 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 and Exchange Commission.
Several other hedge funds have also modified their holdings of the stock. Northwest & Ethical Investments L.P. grew its position in shares of Ero Copper by 19.1% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company's stock worth $88,000 after buying an additional 1,050 shares in the last quarter. Sentry Investment Management LLC raised its holdings in Ero Copper by 5.8% in the fourth quarter. Sentry Investment Management LLC now owns 21,716 shares of the company's stock valued at $293,000 after acquiring an additional 1,188 shares in the last quarter. Swiss National Bank raised its holdings in Ero Copper by 0.6% in the fourth quarter. Swiss National Bank now owns 194,100 shares of the company's stock valued at $2,616,000 after acquiring an additional 1,200 shares in the last quarter. BTG Pactual Asset Management US LLC lifted its stake in Ero Copper by 12.6% in the fourth quarter. BTG Pactual Asset Management US LLC now owns 13,173 shares of the company's stock worth $178,000 after acquiring an additional 1,473 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Ero Copper by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 48,667 shares of the company's stock worth $662,000 after acquiring an additional 1,727 shares in the last quarter. 71.30% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. Desjardins assumed coverage on shares of Ero Copper in a report on Friday, April 4th. They issued a "hold" rating on the stock. Raymond James reaffirmed an "outperform" rating on shares of Ero Copper in a report on Friday, April 4th. BMO Capital Markets initiated coverage on Ero Copper in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. TD Cowen raised Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, TD Securities restated a "buy" rating on shares of Ero Copper in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Ero Copper has an average rating of "Buy" and an average target price of $26.33.
Read Our Latest Analysis on ERO
Ero Copper Stock Performance
Shares of NYSE ERO traded up $0.42 during trading hours on Friday, reaching $14.22. The stock had a trading volume of 313,045 shares, compared to its average volume of 397,493. The firm has a 50-day moving average of $12.32 and a 200-day moving average of $13.45. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 83.65 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 Corp. has a fifty-two week low of $9.30 and a fifty-two week high of $23.53.
Ero Copper (NYSE:ERO - Get Free Report) last issued 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 company had revenue of $125.10 million during the quarter, compared to analysts' expectations of $179.45 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. Equities research analysts predict that Ero Copper Corp. will post 0.71 earnings per share for the current year.
Ero Copper Profile
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Free Report)
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.
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