Boston Partners increased its stake in shares of Ero Copper Corp. (NYSE:ERO – Free Report) by 37.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,808 shares of the company’s stock after acquiring an additional 36,796 shares during the quarter. Boston Partners owned approximately 0.15% of Ero Copper worth $2,748,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of ERO. UBS Group AG boosted its stake in Ero Copper by 103.1% during the fourth quarter. UBS Group AG now owns 11,777 shares of the company’s stock worth $162,000 after acquiring an additional 5,979 shares in the last quarter. Bank of America Corp DE boosted its stake in Ero Copper by 77.3% during the fourth quarter. Bank of America Corp DE now owns 10,854 shares of the company’s stock worth $149,000 after acquiring an additional 4,732 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Ero Copper in the 4th quarter valued at $3,677,000. Credit Suisse AG increased its stake in Ero Copper by 11.6% during the 4th quarter. Credit Suisse AG now owns 64,303 shares of the company’s stock valued at $1,199,000 after purchasing an additional 6,676 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Ero Copper by 2.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 392,139 shares of the company’s stock worth $5,395,000 after buying an additional 8,880 shares during the last quarter. 52.86% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Scotiabank lowered shares of Ero Copper from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, August 31st. StockNews.com assumed coverage on Ero Copper in a research report on Thursday, October 5th. They set a “hold” rating on the stock.
Ero Copper Price Performance
Shares of NYSE:ERO opened at $12.33 on Tuesday. The company has a current ratio of 2.00, a quick ratio of 1.71 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $14.99 and its two-hundred day simple moving average is $18.33. Ero Copper Corp. has a 1-year low of $11.00 and a 1-year high of $24.38. The stock has a market cap of $1.26 billion, a PE ratio of 14.51 and a beta of 1.34.
Ero Copper Company Profile
Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company engages in the production and sale of copper concentrate from the Caraíba operations, located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver by-products. It also holds a 99.6% interest in the Tucumã project, a copper development project located within southeastern Pará state; and holds a 97.6% interest in the Xavantina Operations located in Mato Grosso state.
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