96,015 Shares in Ero Copper Corp. $ERO Acquired by Legal & General Group Plc

Legal & General Group Plc acquired a new position in Ero Copper Corp. (NYSE:ERO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 96,015 shares of the company’s stock, valued at approximately $2,563,000. Legal & General Group Plc owned about 0.09% of Ero Copper as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Pictet Asset Management Holding SA lifted its position in shares of Ero Copper by 3.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 18,103 shares of the company’s stock worth $513,000 after purchasing an additional 574 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Ero Copper by 3.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 32,833 shares of the company’s stock worth $933,000 after acquiring an additional 1,107 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Ero Copper in the fourth quarter valued at $38,000. Banque Cantonale Vaudoise raised its position in shares of Ero Copper by 20.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 9,000 shares of the company’s stock worth $239,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Jain Global LLC raised its holdings in Ero Copper by 12.7% during the fourth quarter. Jain Global LLC now owns 13,300 shares of the company’s stock worth $376,000 after purchasing an additional 1,500 shares in the last quarter. 71.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on ERO shares. Freedom Broker downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Scotiabank restated an “outperform” rating on shares of Ero Copper in a research note on Monday, June 15th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Ero Copper in a report on Monday, July 6th. Wall Street Zen cut Ero Copper from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Bank of America raised Ero Copper from a “neutral” rating to a “buy” rating and boosted their target price for the company from $30.00 to $34.00 in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $32.33.

Ero Copper Stock Down 1.4%

Ero Copper stock opened at $34.82 on Friday. Ero Copper Corp. has a twelve month low of $14.89 and a twelve month high of $40.83. The stock has a 50 day moving average of $30.48 and a two-hundred day moving average of $29.18. The company has a current ratio of 1.30, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 0.28 and a beta of 1.27.

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, beating analysts’ consensus estimates of $0.74 by $0.09. Ero Copper had a return on equity of 30.32% and a net margin of 29.79%.The business had revenue of $284.30 million for the quarter, compared to analyst estimates of $277.64 million. As a group, research analysts expect that Ero Copper Corp. will post 3.96 earnings per share for the current 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.