Invesco Ltd. Grows Holdings in Ero Copper Corp. (NYSE:ERO)

Invesco Ltd. raised its stake in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 22.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,890,977 shares of the company's stock after acquiring an additional 715,999 shares during the period. Invesco Ltd. owned about 3.76% of Ero Copper worth $52,450,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC grew its holdings in shares of Ero Copper by 3.5% in the fourth quarter. Jennison Associates LLC now owns 5,909,627 shares of the company's stock valued at $79,645,000 after acquiring an additional 198,800 shares in the last quarter. Boston Partners grew its position in shares of Ero Copper by 66.9% in the fourth quarter. Boston Partners now owns 1,101,265 shares of the company's stock valued at $14,850,000 after purchasing an additional 441,413 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its holdings in Ero Copper by 3.9% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 775,356 shares of the company's stock worth $10,448,000 after purchasing an additional 28,999 shares in the last quarter. Bank of Montreal Can boosted its stake in Ero Copper by 7.4% in the 4th quarter. Bank of Montreal Can now owns 728,570 shares of the company's stock worth $9,810,000 after purchasing an additional 50,455 shares during the period. Finally, American Century Companies Inc. grew its holdings in Ero Copper by 0.5% during the 4th quarter. American Century Companies Inc. now owns 599,645 shares of the company's stock valued at $8,085,000 after buying an additional 3,241 shares in the last quarter. Hedge funds and other institutional investors own 71.30% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Raymond James reaffirmed an "outperform" rating on shares of Ero Copper in a research note on Friday, April 4th. Desjardins started coverage on shares of Ero Copper in a research report on Friday, April 4th. They set a "hold" rating for the company. TD Cowen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. TD Securities raised Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets initiated coverage on shares of Ero Copper in a research note on Wednesday, April 16th. They issued an "outperform" rating for the company. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $26.33.

Ero Copper Trading Down 0.8 %

ERO stock traded down $0.09 on Monday, reaching $10.84. The company's stock had a trading volume of 79,408 shares, compared to its average volume of 397,552. 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 business has a fifty day simple moving average of $12.24 and a two-hundred day simple moving average of $14.50. The firm has a market cap of $1.12 billion, a PE ratio of 63.78 and a beta of 1.10. Ero Copper Corp. has a 12-month low of $9.30 and a 12-month high of $24.34.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.04). The firm had revenue of $122.50 million during the quarter, compared to the consensus estimate of $183.26 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. As a group, research analysts forecast that Ero Copper Corp. will post 0.71 EPS for the current year.

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.