Renaissance Technologies LLC Invests $3.51 Million in Ero Copper Corp. (NYSE:ERO)

Renaissance Technologies LLC acquired a new stake in shares of Ero Copper Corp. (NYSE:ERO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 260,300 shares of the company's stock, valued at approximately $3,509,000. Renaissance Technologies LLC owned about 0.25% of Ero Copper at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ERO. Barclays PLC raised its position 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 buying an additional 13,309 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Ero Copper by 16.1% during the third quarter. Geode Capital Management LLC now owns 46,940 shares of the company's stock valued at $1,050,000 after buying an additional 6,521 shares during the last quarter. Tidal Investments LLC raised its position in shares of Ero Copper by 142.5% during the third quarter. Tidal Investments LLC now owns 51,557 shares of the company's stock valued at $1,149,000 after buying an additional 30,299 shares during the last quarter. Canoe Financial LP bought 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 stake in shares of Ero Copper during the fourth quarter valued at approximately $125,000. Institutional investors own 71.30% of the company's stock.

Ero Copper Trading Up 0.2 %

NYSE ERO traded up $0.02 on Monday, hitting $12.64. 318,710 shares of the stock were exchanged, compared to its average volume of 400,206. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. The stock has a fifty day moving average price of $12.00 and a two-hundred day moving average price of $14.13. The firm has a market capitalization of $1.31 billion, a P/E ratio of 74.35 and a beta of 1.10. Ero Copper Corp. has a 52-week low of $9.30 and a 52-week high of $24.34.

Ero Copper (NYSE:ERO - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). The firm had revenue of $122.50 million for 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 forecast that Ero Copper Corp. will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.