Ero Copper Corp. $ERO Holdings Raised by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG increased its stake in Ero Copper Corp. (NYSE:ERO) by 58.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,713 shares of the company’s stock after purchasing an additional 13,532 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Ero Copper were worth $744,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ero Copper during the first quarter valued at approximately $217,000. Olympiad Research LP purchased a new stake in shares of Ero Copper in the third quarter valued at $248,000. Rathbones Group PLC grew its holdings in shares of Ero Copper by 19.3% during the second quarter. Rathbones Group PLC now owns 15,903 shares of the company’s stock valued at $268,000 after buying an additional 2,570 shares in the last quarter. Bluefin Capital Management LLC purchased a new stake in Ero Copper in the 2nd quarter worth about $304,000. Finally, Northwest & Ethical Investments L.P. boosted its position in Ero Copper by 130.3% during the 2nd quarter. Northwest & Ethical Investments L.P. now owns 18,499 shares of the company’s stock worth $312,000 after acquiring an additional 10,466 shares during the period. 71.30% of the stock is owned by hedge funds and other institutional investors.

Ero Copper Stock Up 4.9%

ERO stock opened at $37.86 on Friday. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 28.46 and a beta of 1.22. The company has a 50-day moving average of $27.92 and a two-hundred day moving average of $21.24. Ero Copper Corp. has a 52-week low of $9.30 and a 52-week high of $39.80. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.82 and a quick ratio of 0.46.

Ero Copper (NYSE:ERO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.09). The business had revenue of $177.10 million for the quarter, compared to analyst estimates of $309.30 million. Ero Copper had a return on equity of 17.07% and a net margin of 23.44%. As a group, equities research analysts anticipate that Ero Copper Corp. will post 0.71 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ERO shares. Loop Capital set a $32.00 target price on Ero Copper in a report on Tuesday, December 30th. Zacks Research upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. TD Securities lowered shares of Ero Copper from a “buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Canaccord Genuity Group upgraded Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, January 14th. Finally, Jefferies Financial Group lowered Ero Copper from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.50.

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.