Ero Copper Corp. (NYSE:ERO) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. decreased its position in Ero Copper Corp. (NYSE:ERO) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,000 shares of the company’s stock after selling 1,100 shares during the quarter. Intact Investment Management Inc.’s holdings in Ero Copper were worth $391,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Swiss National Bank lifted its holdings in shares of Ero Copper by 0.6% in the 4th quarter. Swiss National Bank now owns 194,100 shares of the company’s stock worth $2,616,000 after purchasing an additional 1,200 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Ero Copper in the 4th quarter worth approximately $991,000. Aigen Investment Management LP bought a new stake in shares of Ero Copper in the 4th quarter worth approximately $704,000. Keybank National Association OH lifted its holdings in shares of Ero Copper by 8.0% in the 4th quarter. Keybank National Association OH now owns 26,120 shares of the company’s stock worth $352,000 after purchasing an additional 1,946 shares during the last quarter. Finally, Sprott Inc. lifted its holdings in shares of Ero Copper by 42.2% in the 4th quarter. Sprott Inc. now owns 455,289 shares of the company’s stock worth $6,137,000 after purchasing an additional 135,049 shares during the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.

Ero Copper Stock Performance

Shares of NYSE ERO opened at $12.62 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 74.21 and a beta of 1.17. The stock’s fifty day simple moving average is $13.37 and its 200 day simple moving average is $16.21. Ero Copper Corp. has a 52-week low of $11.11 and a 52-week high of $24.34.

Ero Copper (NYSE:ERO) last issued its earnings results on Thursday, March 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). The company had revenue of $122.50 million during the quarter, compared to analyst estimates of $183.26 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. As a group, sell-side analysts forecast that Ero Copper Corp. will post 0.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ERO has been the topic of several recent analyst reports. TD Cowen raised Ero Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on Ero Copper in a research note on Monday, December 2nd. They set a “buy” rating and a $19.00 target price on the stock. Finally, TD Securities raised Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $26.33.

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.