58,575 Shares in Ero Copper Corp. $ERO Acquired by Cibc World Market Inc.

Cibc World Market Inc. acquired a new stake in Ero Copper Corp. (NYSE:ERO) during the 2nd quarter, HoldingsChannel reports. The firm acquired 58,575 shares of the company’s stock, valued at approximately $1,563,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Ero Copper in the fourth quarter worth $38,000. Kestra Advisory Services LLC purchased a new position in shares of Ero Copper during the 4th quarter valued at $56,000. Banque Cantonale Vaudoise bought a new position in shares of Ero Copper during the 3rd quarter worth $111,000. Barclays PLC grew its stake in shares of Ero Copper by 1,243.1% during the 4th quarter. Barclays PLC now owns 7,508 shares of the company’s stock worth $212,000 after acquiring an additional 6,949 shares during the period. Finally, State of Tennessee Department of Treasury purchased a new stake in Ero Copper in the 4th quarter worth about $221,000. 71.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. TD Securities restated a “hold” rating on shares of Ero Copper in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Bradesco Corretora upgraded shares of Ero Copper to an “outperform” rating in a research note on Monday, July 20th. National Bank Financial raised shares of Ero Copper from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, May 5th. Finally, Bank of America upgraded shares of Ero Copper from a “neutral” rating to a “buy” rating and upped their price target for the company from $30.00 to $34.00 in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.33.

Ero Copper Price Performance

Shares of NYSE ERO opened at $39.81 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.30. Ero Copper Corp. has a fifty-two week low of $13.91 and a fifty-two week high of $40.83. The stock has a market cap of $4.15 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 0.31 and a beta of 1.21. The stock has a fifty day moving average of $29.51 and a 200-day moving average of $28.95.

Ero Copper (NYSE:ERO) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. Ero Copper had a return on equity of 30.32% and a net margin of 29.79%.The business had revenue of $284.30 million for the quarter, compared to analysts’ expectations of $277.64 million. Equities research analysts anticipate that Ero Copper Corp. will post 3.98 earnings per share for the current year.

About Ero Copper

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.