Quattro Financial Advisors LLC Sells 62,710 Shares of Ero Copper Corp. $ERO

Quattro Financial Advisors LLC trimmed its position in shares of Ero Copper Corp. (NYSE:ERO) by 50.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,710 shares of the company’s stock after selling 62,710 shares during the quarter. Quattro Financial Advisors LLC’s holdings in Ero Copper were worth $2,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sanders Morris Harris LLC bought a new stake in shares of Ero Copper in the 3rd quarter valued at $807,000. Artemis Investment Management LLP raised its stake in Ero Copper by 34.3% during the 3rd quarter. Artemis Investment Management LLP now owns 893,832 shares of the company’s stock worth $32,837,000 after buying an additional 228,194 shares during the period. Engineers Gate Manager LP lifted its holdings in Ero Copper by 0.8% during the second quarter. Engineers Gate Manager LP now owns 37,573 shares of the company’s stock worth $1,005,000 after acquiring an additional 285 shares in the last quarter. Corient Private Wealth LP lifted its holdings in Ero Copper by 4.0% during the second quarter. Corient Private Wealth LP now owns 9,046 shares of the company’s stock worth $242,000 after acquiring an additional 348 shares in the last quarter. Finally, Amundi lifted its holdings in Ero Copper by 85.8% during the second quarter. Amundi now owns 965,346 shares of the company’s stock worth $25,823,000 after acquiring an additional 445,849 shares in the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Freedom Broker cut Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Scotiabank lowered Ero Copper from a “sector outperform” rating to a “sector perform” rating in a research report on Tuesday. Bradesco Corretora lowered Ero Copper from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 2nd. Bank of America upgraded Ero Copper from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $34.00 in a report on Thursday, July 16th. Finally, Wall Street Zen upgraded Ero Copper from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ero Copper currently has an average rating of “Moderate Buy” and a consensus target price of $32.33.

Ero Copper Stock Up 0.8%

Ero Copper stock opened at $34.73 on Friday. The company has a 50 day moving average of $36.17 and a 200-day moving average of $30.70. The company has a quick ratio of 0.81, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. Ero Copper Corp. has a twelve month low of $19.09 and a twelve month high of $40.83. The stock has a market capitalization of $3.63 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 0.27 and a beta of 1.27.

Ero Copper (NYSE:ERO) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. Ero Copper had a net margin of 29.79% and a return on equity of 30.32%. The business had revenue of $284.30 million for the quarter, compared to analyst estimates of $277.64 million. On average, equities research analysts anticipate that Ero Copper Corp. will post 4.28 EPS for the current fiscal year.

Ero Copper Profile

Ero Copper Corp. is a Canadian mining company focused on the exploration, development and production of copper, gold and other mineral resources in Brazil. The company is headquartered in Vancouver, British Columbia, and its shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol ERO.

Ero Copper’s principal assets include the Caraíba Mining Complex in the state of Bahia, which produces copper, and the NX Gold operation in Mato Grosso, which produces gold.