J. Safra Sarasin Holding AG Buys 13,532 Shares of Ero Copper Corp. $ERO

J. Safra Sarasin Holding AG grew its stake in shares of Ero Copper Corp. (NYSE:ERO) by 58.4% in the third quarter, Holdings Channel reports. The institutional investor owned 36,713 shares of the company’s stock after purchasing an additional 13,532 shares during the period. J. Safra Sarasin Holding AG’s holdings in Ero Copper were worth $744,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in shares of Ero Copper by 2.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 56,255 shares of the company’s stock worth $948,000 after purchasing an additional 1,152 shares in the last quarter. Geode Capital Management LLC lifted its position in Ero Copper by 3.4% in the second quarter. Geode Capital Management LLC now owns 55,170 shares of the company’s stock worth $936,000 after purchasing an additional 1,823 shares during the period. Samalin Investment Counsel LLC boosted its stake in Ero Copper by 5.3% during the third quarter. Samalin Investment Counsel LLC now owns 38,074 shares of the company’s stock worth $770,000 after buying an additional 1,916 shares in the last quarter. Rathbones Group PLC increased its holdings in Ero Copper by 19.3% in the 2nd quarter. Rathbones Group PLC now owns 15,903 shares of the company’s stock valued at $268,000 after buying an additional 2,570 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of Ero Copper by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 93,129 shares of the company’s stock valued at $1,884,000 after buying an additional 2,974 shares in the last quarter. 71.30% of the stock is owned by institutional investors and hedge funds.

Ero Copper Price Performance

Shares of ERO stock opened at $37.86 on Friday. Ero Copper Corp. has a 52 week low of $9.30 and a 52 week high of $39.80. The stock has a market capitalization of $3.94 billion, a PE ratio of 28.46 and a beta of 1.22. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.82. The stock’s fifty day moving average is $27.92 and its 200-day moving average is $21.24.

Ero Copper (NYSE:ERO) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). Ero Copper had a return on equity of 17.07% and a net margin of 23.44%.The company had revenue of $177.10 million for the quarter, compared to analyst estimates of $309.30 million. Equities research analysts expect that Ero Copper Corp. will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ERO. TD Securities cut shares of Ero Copper from a “buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Freedom Capital raised Ero Copper to a “strong-buy” rating in a report on Tuesday, December 30th. Loop Capital set a $32.00 price target on Ero Copper in a research note on Tuesday, December 30th. Wall Street Zen upgraded Ero Copper from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Zacks Research raised Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.50.

Ero Copper Company Profile

Ero Copper Corp (NYSE: ERO) is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.

The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.