Concurrent Investment Advisors LLC Acquires New Position in Ero Copper Corp. $ERO

Concurrent Investment Advisors LLC acquired a new stake in Ero Copper Corp. (NYSE:ERO) during the 4th quarter, Holdings Channel.com reports. The firm acquired 40,351 shares of the company’s stock, valued at approximately $1,142,000.

Other large investors have also bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in Ero Copper in the fourth quarter valued at approximately $25,000. Banque Cantonale Vaudoise acquired a new stake in Ero Copper in the third quarter worth $111,000. SG Americas Securities LLC acquired a new stake in Ero Copper in the fourth quarter worth $115,000. Shay Capital LLC acquired a new stake in Ero Copper in the third quarter worth $202,000. Finally, Versor Investments LP acquired a new stake in Ero Copper in the third quarter worth $217,000. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Ero Copper Stock Down 0.4%

Shares of ERO stock opened at $25.84 on Friday. The firm has a fifty day moving average of $28.34 and a 200-day moving average of $27.20. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 0.64. Ero Copper Corp. has a 12-month low of $12.38 and a 12-month high of $39.80. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 10.17 and a beta of 1.29.

Ero Copper (NYSE:ERO) last issued its quarterly earnings data on Thursday, March 5th. The company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.02). Ero Copper had a return on equity of 27.09% and a net margin of 33.56%.The company had revenue of $320.20 million for the quarter, compared to the consensus estimate of $430.46 million. As a group, equities research analysts predict that Ero Copper Corp. will post 4.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ERO shares. Zacks Research lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Raymond James Financial lowered shares of Ero Copper from a “moderate buy” rating to a “hold” rating in a report on Monday, February 9th. ATB Cormark Capital Markets upgraded shares of Ero Copper to a “moderate buy” rating in a report on Friday, February 6th. The Goldman Sachs Group lowered shares of Ero Copper from a “buy” rating to a “neutral” rating and cut their target price for the stock from $33.00 to $31.00 in a report on Tuesday, April 14th. Finally, Scotiabank reiterated an “outperform” rating on shares of Ero Copper in a report on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ero Copper presently has a consensus rating of “Hold” and a consensus target price 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.