SG Americas Securities LLC Buys 595,806 Shares of Ero Copper Corp. $ERO

SG Americas Securities LLC grew its stake in shares of Ero Copper Corp. (NYSE:ERO) by 14,631.8% in the first quarter, HoldingsChannel.com reports. The fund owned 599,878 shares of the company’s stock after acquiring an additional 595,806 shares during the quarter. SG Americas Securities LLC’s holdings in Ero Copper were worth $15,999,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ERO. Rockefeller Capital Management L.P. bought a new position in Ero Copper in the 4th quarter valued at about $673,000. Corient Private Wealth LLC bought a new position in Ero Copper in the fourth quarter valued at about $246,000. Caitong International Asset Management Co. Ltd bought a new position in Ero Copper in the fourth quarter valued at about $38,000. Invesco Ltd. raised its stake in Ero Copper by 10.7% during the fourth quarter. Invesco Ltd. now owns 2,827,385 shares of the company’s stock worth $79,987,000 after acquiring an additional 273,470 shares in the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new position in Ero Copper during the fourth quarter worth about $314,000. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Ero Copper Stock Down 0.3%

Shares of ERO opened at $26.35 on Friday. The stock’s 50-day moving average price is $28.32 and its two-hundred day moving average price is $28.92. Ero Copper Corp. has a 12 month low of $12.79 and a 12 month high of $39.80. The company has a market capitalization of $2.75 billion, a PE ratio of 9.38 and a beta of 1.17. The company has a current ratio of 1.30, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

Ero Copper (NYSE:ERO) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.13. The company had revenue of $263.20 million during the quarter, compared to analysts’ expectations of $245.51 million. Ero Copper had a return on equity of 27.33% and a net margin of 31.63%. On average, analysts anticipate that Ero Copper Corp. will post 4.1 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Ero Copper from a “buy” rating to a “neutral” rating and reduced their price target for the company from $33.00 to $31.00 in a research note on Tuesday, April 14th. Scotiabank reiterated an “outperform” rating on shares of Ero Copper in a research report on Monday, June 15th. Wall Street Zen raised shares of Ero Copper from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. National Bank Financial raised shares of Ero Copper from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ero Copper in a report on Thursday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.50.

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.