Price T Rowe Associates Inc. MD Sells 57,086 Shares of Ero Copper Corp. (NYSE:ERO)

Price T Rowe Associates Inc. MD reduced its stake in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,112,791 shares of the company's stock after selling 57,086 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 8.80% of Ero Copper worth $122,841,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ERO. Synergy Asset Management LLC purchased a new position in shares of Ero Copper during the fourth quarter valued at about $78,000. Northwest & Ethical Investments L.P. boosted 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 valued at $88,000 after purchasing an additional 1,050 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Ero Copper in the fourth quarter worth $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 during the period. Finally, Quantbot Technologies LP purchased a new position in Ero Copper during the fourth quarter valued at $162,000. 71.30% of the stock is currently owned by institutional investors.

Ero Copper Stock Up 1.8 %

Shares of ERO stock traded up $0.23 during mid-day trading on Friday, hitting $12.78. The company's stock had a trading volume of 327,878 shares, compared to its average volume of 397,952. 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 stock has a market cap of $1.32 billion, a price-to-earnings ratio of 75.18 and a beta of 1.10. The business has a 50-day moving average price of $11.97 and a 200 day moving average price of $13.96.

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

Wall Street Analysts Forecast Growth

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

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.