PDT Partners LLC Buys 35,767 Shares of Ero Copper Corp. (NYSE:ERO)

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

Several other institutional investors and hedge funds have also bought and sold shares of ERO. Barclays PLC boosted its stake in shares of Ero Copper by 64.4% during the third quarter. Barclays PLC now owns 33,987 shares of the company's stock valued at $757,000 after purchasing an additional 13,309 shares during the period. Geode Capital Management LLC grew its holdings in Ero Copper by 16.1% in 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 increased its position in shares of 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 acquiring an additional 30,299 shares during the period. Canoe Financial LP bought a new position in shares of Ero Copper during the fourth quarter valued at about $456,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Ero Copper during the fourth quarter worth about $125,000. 71.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. TD Securities raised Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 12th. TD Cowen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. BMO Capital Markets started coverage on shares of Ero Copper in a report on Wednesday, April 16th. They issued an "outperform" rating for the company. Desjardins assumed coverage on shares of Ero Copper in a research note on Friday, April 4th. They set a "hold" rating on the stock. Finally, Raymond James reissued an "outperform" rating on shares of Ero Copper in a research note on Friday, April 4th. Two investment 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 stock. According to data from MarketBeat, Ero Copper currently has an average rating of "Buy" and an average price target of $26.33.

Ero Copper Stock Up 6.7 %

ERO traded up $0.85 during midday trading on Tuesday, reaching $13.56. The company's stock had a trading volume of 293,123 shares, compared to its average volume of 398,097. The stock's 50-day moving average is $11.96 and its 200-day moving average is $13.88. Ero Copper Corp. has a 1 year low of $9.30 and a 1 year high of $24.34. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 79.91 and a beta of 1.10. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71.

Ero Copper (NYSE:ERO - Get Free Report) last announced 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 $0.16 by $0.19. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. The business had revenue of $125.10 million during the quarter, compared to analysts' expectations of $179.45 million. As a group, research analysts expect 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.