Frontier Capital Management Co. LLC Has $12.90 Million Stock Position in Ero Copper Corp. (NYSE:ERO)

Frontier Capital Management Co. LLC increased its position in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 956,880 shares of the company's stock after acquiring an additional 123,289 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.92% of Ero Copper worth $12,899,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ERO. Invesco Ltd. boosted its stake in Ero Copper by 22.6% during the 4th quarter. Invesco Ltd. now owns 3,890,977 shares of the company's stock worth $52,450,000 after acquiring an additional 715,999 shares during the last quarter. Bridgewater Associates LP boosted its stake in Ero Copper by 400.2% during the 4th quarter. Bridgewater Associates LP now owns 818,269 shares of the company's stock worth $11,026,000 after acquiring an additional 654,684 shares during the last quarter. Boston Partners boosted its stake in Ero Copper by 66.9% during the 4th quarter. Boston Partners now owns 1,101,265 shares of the company's stock worth $14,850,000 after acquiring an additional 441,413 shares during the last quarter. 683 Capital Management LLC boosted its stake in Ero Copper by 20.4% during the 4th quarter. 683 Capital Management LLC now owns 2,468,367 shares of the company's stock worth $33,272,000 after acquiring an additional 418,367 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Ero Copper during the 4th quarter worth approximately $3,509,000. Institutional investors own 71.30% of the company's stock.

Ero Copper Stock Up 0.1%

ERO stock traded up $0.02 during mid-day trading on Friday, hitting $13.39. 419,141 shares of the company were exchanged, compared to its average volume of 398,791. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. The firm has a market cap of $1.39 billion, a P/E ratio of 78.76 and a beta of 1.10. The firm's 50 day simple moving average is $12.11 and its 200 day simple moving average is $13.71. Ero Copper Corp. has a 1-year low of $9.30 and a 1-year high of $24.34.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.18. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. The company had revenue of $125.10 million for the quarter, compared to the consensus estimate of $179.45 million. On average, sell-side analysts predict that Ero Copper Corp. will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ERO has been the topic of several recent analyst reports. Desjardins initiated coverage on shares of Ero Copper in a research note on Friday, April 4th. They set a "hold" rating on the stock. Raymond James reissued an "outperform" rating on shares of Ero Copper in a research note on Friday, April 4th. BMO Capital Markets began coverage on shares of Ero Copper in a report on Wednesday, April 16th. They set an "outperform" rating on the stock. National Bank Financial upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, StockNews.com upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a report on Wednesday. One research 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's stock. Based on data from MarketBeat.com, Ero Copper presently has an average rating of "Buy" and a consensus price target of $26.33.

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.