Swiss National Bank Acquires 1,200 Shares of Ero Copper Corp. (NYSE:ERO)

Swiss National Bank lifted its holdings in Ero Copper Corp. (NYSE:ERO) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 194,100 shares of the company’s stock after buying an additional 1,200 shares during the quarter. Swiss National Bank owned about 0.19% of Ero Copper worth $2,616,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new position in shares of Ero Copper in the fourth quarter worth about $78,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Ero Copper in the 4th quarter worth approximately $125,000. Sentry Investment Management LLC lifted its holdings in Ero Copper by 5.8% during the 4th quarter. Sentry Investment Management LLC now owns 21,716 shares of the company’s stock worth $293,000 after buying an additional 1,188 shares in the last quarter. Keybank National Association OH boosted its position in Ero Copper by 8.0% in the 4th quarter. Keybank National Association OH now owns 26,120 shares of the company’s stock valued at $352,000 after buying an additional 1,946 shares during the last quarter. Finally, Canoe Financial LP acquired a new stake in shares of Ero Copper in the 4th quarter valued at $456,000. Institutional investors and hedge funds own 71.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ERO shares. TD Cowen raised Ero Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. TD Securities upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group assumed coverage on shares of Ero Copper in a research report on Monday, December 2nd. They set a “buy” rating and a $19.00 price target for the company. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $26.33.

Ero Copper Stock Performance

Shares of NYSE:ERO opened at $13.06 on Friday. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 76.84 and a beta of 1.17. The firm’s 50 day simple moving average is $13.27 and its 200 day simple moving average is $15.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. Ero Copper Corp. has a fifty-two week low of $11.11 and a fifty-two week high of $24.34.

Ero Copper (NYSE:ERO) last announced its quarterly 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). Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. The firm had revenue of $122.50 million for the quarter, compared to the consensus estimate of $183.26 million. As a group, sell-side analysts forecast that Ero Copper Corp. will post 0.71 earnings per share 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.