Goehring & Rozencwajg Associates LLC Boosts Stake in Ero Copper Corp. (NYSE:ERO)

Goehring & Rozencwajg Associates LLC boosted its stake in Ero Copper Corp. (NYSE:ERO) by 22.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 340,008 shares of the company’s stock after buying an additional 62,500 shares during the quarter. Ero Copper makes up about 1.4% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 28th biggest position. Goehring & Rozencwajg Associates LLC owned about 0.33% of Ero Copper worth $7,266,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jennison Associates LLC lifted its stake in shares of Ero Copper by 39.0% during the 1st quarter. Jennison Associates LLC now owns 3,998,246 shares of the company’s stock worth $77,117,000 after purchasing an additional 1,121,095 shares during the period. Boston Partners lifted its stake in shares of Ero Copper by 226.9% during the 1st quarter. Boston Partners now owns 726,068 shares of the company’s stock worth $14,010,000 after purchasing an additional 503,972 shares during the period. Scotia Capital Inc. lifted its stake in shares of Ero Copper by 290.6% during the 4th quarter. Scotia Capital Inc. now owns 292,968 shares of the company’s stock worth $4,617,000 after purchasing an additional 217,968 shares during the period. TD Asset Management Inc lifted its stake in shares of Ero Copper by 48.7% during the 4th quarter. TD Asset Management Inc now owns 595,283 shares of the company’s stock worth $9,458,000 after purchasing an additional 194,976 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Ero Copper by 81.4% during the 4th quarter. Franklin Resources Inc. now owns 351,800 shares of the company’s stock worth $5,562,000 after purchasing an additional 157,900 shares during the period. Hedge funds and other institutional investors own 71.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ERO shares. Scotiabank raised Ero Copper from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, May 30th. StockNews.com downgraded Ero Copper from a “hold” rating to a “sell” rating in a report on Friday, July 19th. BMO Capital Markets upgraded Ero Copper from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 26th. Ventum Cap Mkts upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. Finally, Bank of America initiated coverage on Ero Copper in a report on Tuesday, September 3rd. They set a “buy” rating and a $28.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Ero Copper has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Ero Copper Stock Up 0.1 %

Shares of NYSE ERO opened at $20.50 on Thursday. Ero Copper Corp. has a 12-month low of $11.35 and a 12-month high of $24.34. The company has a market cap of $2.12 billion, a P/E ratio of 31.54 and a beta of 1.19. The company has a current ratio of 0.82, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average price of $19.88 and a 200 day moving average price of $20.29.

Ero Copper (NYSE:ERO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. Ero Copper had a positive return on equity of 9.89% and a negative net margin of 4.79%. The firm had revenue of $117.10 million during the quarter. During the same quarter in the prior year, the company posted $0.24 earnings per share. Research analysts anticipate that Ero Copper Corp. will post 1.75 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.