228,194 Ero Copper Corp. $ERO Shares Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP raised its stake in shares of Ero Copper Corp. (NYSE:ERO) by 34.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 893,832 shares of the company’s stock after purchasing an additional 228,194 shares during the quarter. Artemis Investment Management LLP’s holdings in Ero Copper were worth $32,837,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cape Ann Asset Management Ltd boosted its holdings in shares of Ero Copper by 13.5% during the 1st quarter. Cape Ann Asset Management Ltd now owns 1,949,128 shares of the company’s stock worth $51,983,000 after buying an additional 231,485 shares during the period. Impala Asset Management LLC bought a new position in Ero Copper in the 2nd quarter worth $31,201,000. Kapitalo Investimentos Ltda acquired a new position in Ero Copper during the 2nd quarter worth $28,802,000. Dimensional Fund Advisors LP lifted its position in Ero Copper by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 986,385 shares of the company’s stock worth $26,298,000 after acquiring an additional 28,231 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Ero Copper by 4,913.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 974,932 shares of the company’s stock valued at $26,000,000 after acquiring an additional 955,487 shares during the period. Institutional investors own 71.30% of the company’s stock.

Ero Copper Stock Performance

ERO stock traded down $1.17 during trading on Thursday, reaching $35.61. 421,988 shares of the stock were exchanged, compared to its average volume of 1,449,867. Ero Copper Corp. has a twelve month low of $19.09 and a twelve month high of $40.83. The company has a market capitalization of $3.72 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 0.30 and a beta of 1.27. The stock has a 50 day simple moving average of $35.27 and a 200-day simple moving average of $30.22. 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 posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.74 by $0.09. Ero Copper had a return on equity of 30.32% and a net margin of 29.79%.The firm had revenue of $284.30 million during the quarter, compared to analysts’ expectations of $277.64 million. As a group, sell-side analysts anticipate that Ero Copper Corp. will post 4.28 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ERO shares. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Ero Copper in a research note on Wednesday, September 23rd. Bank of America raised Ero Copper from a “neutral” rating to a “buy” rating and raised their target price for the company from $30.00 to $34.00 in a report on Thursday, July 16th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Ero Copper in a research report on Monday, July 6th. Wall Street Zen upgraded Ero Copper from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Finally, TD Securities reissued a “hold” rating on shares of Ero Copper in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ero Copper currently has an average rating of “Moderate Buy” and an average target price of $32.33.

Ero Copper Profile

Ero Copper Corp. is a Canadian mining company focused on the exploration, development and production of copper, gold and other mineral resources in Brazil. The company is headquartered in Vancouver, British Columbia, and its shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol ERO.

Ero Copper’s principal assets include the Caraíba Mining Complex in the state of Bahia, which produces copper, and the NX Gold operation in Mato Grosso, which produces gold.