Walser Wealth Management Company A Ltd Liability Co Invests $1.47 Million in Ero Copper Corp. $ERO

Walser Wealth Management Company A Ltd Liability Co bought a new position in shares of Ero Copper Corp. (NYSE:ERO) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 55,103 shares of the company’s stock, valued at approximately $1,470,000. Ero Copper comprises approximately 0.7% of Walser Wealth Management Company A Ltd Liability Co’s investment portfolio, making the stock its 24th biggest position. Walser Wealth Management Company A Ltd Liability Co owned approximately 0.05% of Ero Copper as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ERO. FNY Investment Advisers LLC bought a new stake in Ero Copper during the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Ero Copper in the 4th quarter valued at about $38,000. Kestra Advisory Services LLC acquired a new stake in shares of Ero Copper in the fourth quarter valued at about $56,000. Banque Cantonale Vaudoise acquired a new stake in shares of Ero Copper in the third quarter valued at about $111,000. Finally, SG Americas Securities LLC bought a new stake in Ero Copper during the fourth quarter worth about $115,000. Institutional investors own 71.30% of the company’s stock.

Analysts Set New Price Targets

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

Ero Copper Stock Performance

Shares of NYSE:ERO traded down $1.33 on Tuesday, hitting $25.07. The company had a trading volume of 428,805 shares, compared to its average volume of 1,519,840. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 8.89 and a beta of 1.20. The stock has a 50 day moving average price of $28.02 and a 200 day moving average price of $28.98. Ero Copper Corp. has a 1-year low of $12.79 and a 1-year high of $39.80. 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 released its earnings results on Monday, May 4th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. The firm had revenue of $263.20 million during the quarter, compared to the consensus estimate of $245.51 million. Ero Copper had a return on equity of 27.33% and a net margin of 31.63%. Analysts expect that Ero Copper Corp. will post 4.1 EPS for the current year.

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.