Ero Copper Corp. (NYSE:ERO) Shares Bought by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC grew its holdings in shares of Ero Copper Corp. (NYSE:ERO) by 22.5% in the 2nd quarter, Holdings Channel reports. The fund owned 340,008 shares of the company’s stock after acquiring an additional 62,500 shares during the period. Ero Copper accounts for about 1.4% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 28th biggest position. Goehring & Rozencwajg Associates LLC’s holdings in Ero Copper were worth $7,266,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Jennison Associates LLC lifted its position in shares of Ero Copper by 39.0% during the first quarter. Jennison Associates LLC now owns 3,998,246 shares of the company’s stock worth $77,117,000 after purchasing an additional 1,121,095 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Ero Copper by 4.1% during the first quarter. Russell Investments Group Ltd. now owns 783,756 shares of the company’s stock worth $15,111,000 after purchasing an additional 30,665 shares during the last quarter. Boston Partners lifted its position in shares of Ero Copper by 226.9% during the first quarter. Boston Partners now owns 726,068 shares of the company’s stock worth $14,010,000 after purchasing an additional 503,972 shares during the last quarter. TD Asset Management Inc lifted its position in shares of Ero Copper by 48.7% during the fourth quarter. TD Asset Management Inc now owns 595,283 shares of the company’s stock worth $9,458,000 after purchasing an additional 194,976 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Ero Copper by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 464,047 shares of the company’s stock worth $9,922,000 after purchasing an additional 115,002 shares during the last quarter. Institutional investors own 71.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ERO. Ventum Cap Mkts raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 22nd. Scotiabank raised shares of Ero Copper from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, May 30th. Bank of America began coverage on shares of Ero Copper in a report on Tuesday, September 3rd. They issued a “buy” rating and a $28.00 target price on the stock. BMO Capital Markets raised shares of Ero Copper from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 26th. Finally, StockNews.com cut shares of Ero Copper from a “hold” rating to a “sell” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ero Copper presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Ero Copper Price Performance

Shares of NYSE:ERO opened at $20.50 on Thursday. The firm’s 50 day moving average is $19.88 and its two-hundred day moving average is $20.29. Ero Copper Corp. has a 52 week low of $11.35 and a 52 week high of $24.34. The firm has a market capitalization of $2.12 billion, a P/E ratio of 31.54 and a beta of 1.19. The company has a current ratio of 0.82, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59.

Ero Copper (NYSE:ERO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Ero Copper had a negative net margin of 4.79% and a positive return on equity of 9.89%. The business had revenue of $117.10 million for the quarter. During the same quarter in the prior year, the business earned $0.24 EPS. Analysts anticipate that Ero Copper Corp. will post 1.75 earnings per share for the current year.

Ero Copper 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.