1,700 Shares in Ero Copper Corp. (NYSE:ERO) Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC bought a new stake in Ero Copper Corp. (NYSE:ERO) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,700 shares of the company’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Toronto Dominion Bank boosted its position in shares of Ero Copper by 38.7% during the 2nd quarter. Toronto Dominion Bank now owns 2,539 shares of the company’s stock worth $54,000 after acquiring an additional 709 shares in the last quarter. Chesapeake Capital Corp IL bought a new position in shares of Ero Copper in the 2nd quarter valued at $351,000. Platinum Investment Management Ltd. raised its holdings in shares of Ero Copper by 15.9% during the 1st quarter. Platinum Investment Management Ltd. now owns 18,738 shares of the company’s stock worth $362,000 after buying an additional 2,564 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Ero Copper by 6.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,933 shares of the company’s stock worth $469,000 after buying an additional 1,277 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Ero Copper by 28.2% in the first quarter. Janus Henderson Group PLC now owns 32,994 shares of the company’s stock valued at $637,000 after buying an additional 7,257 shares in the last quarter. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. BMO Capital Markets raised shares of Ero Copper from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 26th. StockNews.com lowered shares of Ero Copper from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Ventum Cap Mkts upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. Jefferies Financial Group upgraded Ero Copper from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Finally, Bank of America assumed coverage on Ero Copper in a research report on Tuesday, September 3rd. They set a “buy” rating and a $28.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Ero Copper Price Performance

Shares of NYSE:ERO opened at $19.49 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 0.82. Ero Copper Corp. has a 52 week low of $11.35 and a 52 week high of $24.34. The firm has a market cap of $2.01 billion, a PE ratio of 29.98 and a beta of 1.20. The firm’s fifty day moving average is $20.62 and its 200-day moving average is $20.71.

Ero Copper (NYSE:ERO) last announced its earnings results on Thursday, August 1st. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $117.10 million for the quarter. Ero Copper had a positive return on equity of 9.89% and a negative net margin of 4.79%. During the same period in the previous year, the firm posted $0.24 earnings per share. Sell-side analysts predict that Ero Copper Corp. will post 1.51 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.