James Investment Research Inc. Buys New Stake in Ero Copper Corp. $ERO

James Investment Research Inc. bought a new stake in Ero Copper Corp. (NYSE:ERO) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,993 shares of the company’s stock, valued at approximately $533,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FIL Ltd lifted its holdings in shares of Ero Copper by 74.1% during the 4th quarter. FIL Ltd now owns 11,670,422 shares of the company’s stock valued at $330,161,000 after purchasing an additional 4,966,427 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in Ero Copper by 602.9% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,685,445 shares of the company’s stock worth $47,767,000 after buying an additional 1,445,645 shares during the last quarter. Vanguard Group Inc. increased its position in Ero Copper by 1,614.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,434,428 shares of the company’s stock valued at $29,056,000 after buying an additional 1,350,738 shares in the last quarter. Bank of America Corp DE increased its position in Ero Copper by 82.6% during the 2nd quarter. Bank of America Corp DE now owns 1,775,632 shares of the company’s stock valued at $29,919,000 after buying an additional 803,320 shares in the last quarter. Finally, Cape Ann Asset Management Ltd raised its stake in Ero Copper by 65.9% in the fourth quarter. Cape Ann Asset Management Ltd now owns 1,717,643 shares of the company’s stock valued at $48,592,000 after buying an additional 682,500 shares during the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

Ero Copper Stock Performance

Shares of ERO opened at $26.17 on Friday. The stock has a 50-day moving average of $28.07 and a two-hundred day moving average of $28.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.30. The stock has a market cap of $2.73 billion, a P/E ratio of 9.31 and a beta of 1.20. Ero Copper Corp. has a one year low of $12.79 and a one year high of $39.80.

Ero Copper (NYSE:ERO) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.13. Ero Copper had a return on equity of 27.33% and a net margin of 31.63%.The firm had revenue of $263.20 million during the quarter, compared to analysts’ expectations of $245.51 million. As a group, research analysts predict that Ero Copper Corp. will post 4.1 EPS for the current year.

Analyst Ratings Changes

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

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.