Jupiter Topco LLC Invests $9.40 Million in Ero Copper Corp. $ERO

Jupiter Topco LLC purchased a new position in shares of Ero Copper Corp. (NYSE:ERO) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 351,319 shares of the company’s stock, valued at approximately $9,397,000.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Ero Copper by 2.3% during the first quarter. Royal Bank of Canada now owns 188,384 shares of the company’s stock valued at $2,283,000 after purchasing an additional 4,325 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ero Copper in the 1st quarter valued at $217,000. Goldman Sachs Group Inc. boosted its holdings in shares of Ero Copper by 82.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 275,598 shares of the company’s stock valued at $3,340,000 after purchasing an additional 124,179 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Ero Copper in the 1st quarter valued at $356,000. Finally, Geode Capital Management LLC increased its stake in shares of Ero Copper by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 55,170 shares of the company’s stock valued at $936,000 after purchasing an additional 1,823 shares during the last quarter. 71.30% of the stock is owned by institutional investors.

Ero Copper Stock Up 0.1%

Shares of NYSE:ERO opened at $38.88 on Monday. The company has a fifty day moving average of $29.70 and a 200-day moving average of $29.00. The company has a market capitalization of $4.06 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 0.31 and a beta of 1.21. 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 52-week low of $13.91 and a 52-week high of $40.83.

Ero Copper (NYSE:ERO) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.09. Ero Copper had a return on equity of 30.32% and a net margin of 29.79%.The company had revenue of $284.30 million for the quarter, compared to the consensus estimate of $277.64 million. On average, equities analysts predict that Ero Copper Corp. will post 3.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Bradesco Corretora upgraded Ero Copper to an “outperform” rating in a research report on Monday, July 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ero Copper in a research report on Thursday, June 4th. Jefferies Financial Group reissued a “hold” rating on shares of Ero Copper in a research note on Monday, July 6th. Wall Street Zen cut shares of Ero Copper from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Scotiabank restated an “outperform” rating on shares of Ero Copper in a research note on Monday, June 15th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.33.

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.