MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ero Copper Corp. (NYSE:ERO - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,527,158 shares of the company's stock after purchasing an additional 176,637 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 3.41% of Ero Copper worth $47,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of ERO. Synergy Asset Management LLC purchased a new position in Ero Copper in the 4th quarter worth about $78,000. Northwest & Ethical Investments L.P. increased 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 acquiring an additional 1,050 shares during the period. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Ero Copper during the fourth quarter valued at approximately $125,000. TD Waterhouse Canada Inc. grew its stake in Ero Copper by 128.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company's stock worth $143,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in Ero Copper by 59.5% in the fourth quarter. Deutsche Bank AG now owns 10,700 shares of the company's stock worth $144,000 after purchasing an additional 3,990 shares in the last quarter. Hedge funds and other institutional investors own 71.30% of the company's stock.
Ero Copper Stock Up 2.0%
Shares of ERO stock traded up $0.26 during mid-day trading on Monday, hitting $13.35. 79,179 shares of the stock traded hands, compared to its average volume of 505,130. Ero Copper Corp. has a 52-week low of $9.30 and a 52-week high of $24.34. The stock has a market cap of $1.38 billion, a P/E ratio of 78.53 and a beta of 1.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. The stock's fifty day moving average is $12.24 and its two-hundred day moving average is $13.51.
Ero Copper (NYSE:ERO - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.18. The company had revenue of $125.10 million for the quarter, compared to analyst estimates of $179.45 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. Equities analysts predict that Ero Copper Corp. will post 0.71 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. StockNews.com raised Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. TD Cowen upgraded Ero Copper from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. National Bank Financial upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. National Bankshares raised shares of Ero Copper from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, May 6th. Finally, Raymond James reaffirmed an "outperform" rating on shares of Ero Copper in a research report on Friday, April 4th. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Ero Copper currently has a consensus rating of "Buy" and a consensus price target of $26.33.
Read Our Latest Stock Analysis on ERO
About Ero Copper
(
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.
Further Reading
Before you consider Ero Copper, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ero Copper wasn't on the list.
While Ero Copper currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
