Boston Partners Trims Stock Holdings in Ero Copper Corp. $ERO

Boston Partners reduced its position in Ero Copper Corp. (NYSE:ERO) by 13.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 561,144 shares of the company’s stock after selling 85,416 shares during the quarter. Boston Partners’ holdings in Ero Copper were worth $9,452,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. J. Safra Sarasin Holding AG raised its position in Ero Copper by 3.2% in the 1st quarter. J. Safra Sarasin Holding AG now owns 24,266 shares of the company’s stock valued at $294,000 after purchasing an additional 753 shares during the last quarter. PenderFund Capital Management Ltd. increased its stake in Ero Copper by 0.7% in the first quarter. PenderFund Capital Management Ltd. now owns 123,492 shares of the company’s stock valued at $1,497,000 after purchasing an additional 836 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Ero Copper by 2.1% in the second quarter. Envestnet Asset Management Inc. now owns 56,255 shares of the company’s stock valued at $948,000 after buying an additional 1,152 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its stake in shares of Ero Copper by 22.6% during the first quarter. Northwest & Ethical Investments L.P. now owns 8,033 shares of the company’s stock worth $97,000 after buying an additional 1,483 shares during the period. Finally, Samalin Investment Counsel LLC grew its holdings in shares of Ero Copper by 5.6% during the second quarter. Samalin Investment Counsel LLC now owns 36,158 shares of the company’s stock worth $609,000 after buying an additional 1,931 shares during the last quarter. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

Ero Copper Trading Down 3.2%

Shares of ERO stock opened at $22.04 on Friday. The business’s fifty day moving average price is $20.11 and its 200 day moving average price is $16.45. The firm has a market capitalization of $2.28 billion, a PE ratio of 16.09 and a beta of 1.25. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.05 and a quick ratio of 0.80. Ero Copper Corp. has a 1-year low of $9.30 and a 1-year high of $24.48.

Ero Copper (NYSE:ERO) last issued its earnings results on Tuesday, November 4th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.09). Ero Copper had a return on equity of 17.96% and a net margin of 26.63%.The company had revenue of $177.10 million for the quarter, compared to analysts’ expectations of $309.30 million. As a group, sell-side analysts forecast that Ero Copper Corp. will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ERO has been the subject of several analyst reports. National Bankshares reaffirmed a “sector perform” rating on shares of Ero Copper in a research note on Tuesday, August 5th. The Goldman Sachs Group upped their price target on Ero Copper from $18.50 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Cibc World Mkts lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. TD Securities cut shares of Ero Copper from a “buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Finally, Wall Street Zen upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.00.

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.