Dimensional Fund Advisors LP Buys 28,231 Shares of Ero Copper Corp. $ERO

Dimensional Fund Advisors LP increased its stake in shares of Ero Copper Corp. (NYSE:ERO) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 986,385 shares of the company’s stock after purchasing an additional 28,231 shares during the period. Dimensional Fund Advisors LP’s holdings in Ero Copper were worth $26,298,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FIL Ltd grew its position 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 worth $330,161,000 after buying an additional 4,966,427 shares during the period. Invesco Ltd. boosted its stake in Ero Copper by 10.7% during the 4th quarter. Invesco Ltd. now owns 2,827,385 shares of the company’s stock worth $79,987,000 after acquiring an additional 273,470 shares during the last quarter. Vanguard Group Inc. boosted its stake in Ero Copper by 77.6% during the 4th quarter. Vanguard Group Inc. now owns 2,546,856 shares of the company’s stock worth $72,051,000 after acquiring an additional 1,112,428 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ero Copper by 11.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,507,087 shares of the company’s stock valued at $50,794,000 after purchasing an additional 250,303 shares during the period. Finally, Bank of America Corp DE increased its stake in Ero Copper by 82.6% in the second quarter. Bank of America Corp DE now owns 1,775,632 shares of the company’s stock valued at $29,919,000 after purchasing an additional 803,320 shares in the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.

Wall Street Analyst Weigh In

ERO has been the topic of several analyst reports. Wall Street Zen lowered shares of Ero Copper from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Scotiabank restated an “outperform” rating on shares of Ero Copper in a research report on Monday, June 15th. The Goldman Sachs Group downgraded Ero Copper from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $33.00 to $31.00 in a research note on Tuesday, April 14th. National Bank Financial upgraded Ero Copper from a “sector perform” rating to an “outperform” rating in a report on Tuesday, May 5th. Finally, Bradesco Corretora raised Ero Copper to an “outperform” rating in a research note on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.33.

Ero Copper Price Performance

Shares of NYSE ERO opened at $30.45 on Thursday. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 0.23 and a beta of 1.21. The business has a 50-day moving average of $27.32 and a 200-day moving average of $28.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 0.81. Ero Copper Corp. has a fifty-two week low of $13.37 and a fifty-two week high of $39.80.

Ero Copper (NYSE:ERO) last released its earnings results on Wednesday, August 5th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.09. Ero Copper had a return on equity of 27.33% and a net margin of 31.63%.The business had revenue of $284.30 million for the quarter, compared to analyst estimates of $277.64 million. As a group, sell-side analysts predict that Ero Copper Corp. will post 4.02 earnings per share for the current fiscal year.

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.