PDT Partners LLC Increases Stock Holdings in Ero Copper Corp. (NYSE:ERO)

PDT Partners LLC increased its holdings in Ero Copper Corp. (NYSE:ERO - Free Report) by 50.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,028 shares of the company's stock after purchasing an additional 35,767 shares during the quarter. PDT Partners LLC owned 0.10% of Ero Copper worth $1,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Barclays PLC increased its holdings in shares of Ero Copper by 64.4% in the third quarter. Barclays PLC now owns 33,987 shares of the company's stock worth $757,000 after buying an additional 13,309 shares during the period. Geode Capital Management LLC grew its position in Ero Copper by 16.1% during the 3rd quarter. Geode Capital Management LLC now owns 46,940 shares of the company's stock worth $1,050,000 after acquiring an additional 6,521 shares during the last quarter. Tidal Investments LLC lifted its position in Ero Copper by 142.5% in the third quarter. Tidal Investments LLC now owns 51,557 shares of the company's stock valued at $1,149,000 after purchasing an additional 30,299 shares during the last quarter. Canoe Financial LP purchased a new stake in shares of Ero Copper during the fourth quarter valued at approximately $456,000. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Ero Copper in the fourth quarter worth approximately $125,000. 71.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on ERO shares. Raymond James restated an "outperform" rating on shares of Ero Copper in a research report on Friday, April 4th. TD Cowen upgraded Ero Copper from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Desjardins assumed coverage on shares of Ero Copper in a research report on Friday, April 4th. They set a "hold" rating for the company. BMO Capital Markets began coverage on Ero Copper in a research note on Wednesday, April 16th. They issued an "outperform" rating on the stock. Finally, TD Securities raised Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Ero Copper has an average rating of "Buy" and a consensus price target of $26.33.

Ero Copper Stock Down 1.0 %

Shares of ERO stock traded down $0.13 during mid-day trading on Monday, hitting $12.70. The company's stock had a trading volume of 342,266 shares, compared to its average volume of 398,365. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 74.86 and a beta of 1.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. Ero Copper Corp. has a 52-week low of $9.30 and a 52-week high of $24.34. The business has a 50-day moving average price of $11.97 and a 200 day moving average price of $13.92.

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

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.