Wincap Financial LLC Has $2.05 Million Position in Ero Copper Corp. $ERO

Wincap Financial LLC lowered its holdings in Ero Copper Corp. (NYSE:ERO) by 24.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,578 shares of the company’s stock after selling 24,003 shares during the quarter. Ero Copper accounts for about 1.4% of Wincap Financial LLC’s investment portfolio, making the stock its 19th biggest position. Wincap Financial LLC owned about 0.07% of Ero Copper worth $2,053,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ERO. Vanguard Group Inc. boosted its holdings in Ero Copper by 1,614.0% during the third quarter. Vanguard Group Inc. now owns 1,434,428 shares of the company’s stock valued at $29,056,000 after purchasing an additional 1,350,738 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Ero Copper by 82.6% in the 2nd quarter. Bank of America Corp DE now owns 1,775,632 shares of the company’s stock worth $29,919,000 after buying an additional 803,320 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Ero Copper in the 3rd quarter worth approximately $12,599,000. Marshall Wace LLP lifted its position in shares of Ero Copper by 2,384.8% during the 2nd quarter. Marshall Wace LLP now owns 609,621 shares of the company’s stock worth $10,272,000 after buying an additional 585,087 shares during the period. Finally, GMT Capital Corp lifted its position in shares of Ero Copper by 7.7% during the 2nd quarter. GMT Capital Corp now owns 7,467,055 shares of the company’s stock worth $125,865,000 after buying an additional 536,030 shares during the period. Institutional investors and hedge funds own 71.30% of the company’s stock.

Ero Copper Price Performance

ERO opened at $25.06 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.82 and a quick ratio of 0.46. The stock has a market capitalization of $2.61 billion, a P/E ratio of 9.87 and a beta of 1.17. The company’s 50 day simple moving average is $30.27 and its 200-day simple moving average is $25.65. Ero Copper Corp. has a one year low of $9.30 and a one year high of $39.80.

Ero Copper (NYSE:ERO) last posted its quarterly earnings data on Thursday, March 5th. The company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.02). The company had revenue of $320.20 million during the quarter, compared to the consensus estimate of $430.46 million. Ero Copper had a return on equity of 27.09% and a net margin of 33.56%. Sell-side analysts anticipate that Ero Copper Corp. will post 0.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Scotiabank reiterated an “outperform” rating on shares of Ero Copper in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Ero Copper in a report on Friday, December 5th. Zacks Research downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Canaccord Genuity Group raised shares of Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, January 14th. Finally, Loop Capital set a $32.00 target price on shares of Ero Copper in a research report on Tuesday, December 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Ero Copper presently has an average rating of “Moderate Buy” and an average price target of $32.50.

Ero Copper 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.