Mirae Asset Global Investments Co. Ltd. Purchases 461,998 Shares of Ero Copper Corp. (NYSE:ERO)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Ero Copper Corp. (NYSE:ERO - Free Report) by 25.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,247,918 shares of the company's stock after acquiring an additional 461,998 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 2.19% of Ero Copper worth $35,715,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Raymond James & Associates increased its position in shares of Ero Copper by 2.7% in the fourth quarter. Raymond James & Associates now owns 50,551 shares of the company's stock worth $798,000 after acquiring an additional 1,346 shares in the last quarter. Vanguard Group Inc. grew its holdings in Ero Copper by 5.6% during the 3rd quarter. Vanguard Group Inc. now owns 60,628 shares of the company's stock valued at $1,045,000 after purchasing an additional 3,221 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Ero Copper by 3.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 175,208 shares of the company's stock valued at $3,035,000 after purchasing an additional 6,631 shares in the last quarter. Impala Asset Management LLC grew its holdings in Ero Copper by 23.1% during the 3rd quarter. Impala Asset Management LLC now owns 1,836,510 shares of the company's stock valued at $31,661,000 after purchasing an additional 344,410 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Ero Copper by 2.1% during the 3rd quarter. Royal Bank of Canada now owns 165,848 shares of the company's stock valued at $2,859,000 after purchasing an additional 3,372 shares in the last quarter. Institutional investors and hedge funds own 71.30% of the company's stock.

Ero Copper Stock Up 0.0 %

NYSE ERO traded up $0.01 during trading hours on Monday, reaching $20.90. 248,402 shares of the company traded hands, compared to its average volume of 317,955. Ero Copper Corp. has a 12 month low of $11.35 and a 12 month high of $24.38. The company has a current ratio of 1.23, a quick ratio of 0.94 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $2.15 billion, a PE ratio of 21.18 and a beta of 1.26. The company has a 50 day moving average of $17.27 and a two-hundred day moving average of $15.57.

Ero Copper (NYSE:ERO - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.16%. The company had revenue of $116.41 million for the quarter, compared to the consensus estimate of $104.20 million. During the same quarter last year, the company earned $0.24 earnings per share. As a group, equities analysts expect that Ero Copper Corp. will post 1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

ERO has been the subject of a number of recent analyst reports. TheStreet raised shares of Ero Copper from a "c" rating to a "b-" rating in a report on Friday, March 8th. Pi Financial lowered shares of Ero Copper from a "buy" rating to a "neutral" rating in a report on Friday, March 8th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $24.00.

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.