Stonehage Fleming Financial Services Holdings Ltd Acquires New Position in Ero Copper Corp. (NYSE:ERO)

Stonehage Fleming Financial Services Holdings Ltd bought a new position in Ero Copper Corp. (NYSE:ERO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 9,300 shares of the company’s stock, valued at approximately $125,000.

Other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new position in Ero Copper during the third quarter worth approximately $38,000. Toronto Dominion Bank raised its holdings in shares of Ero Copper by 38.7% during the 2nd quarter. Toronto Dominion Bank now owns 2,539 shares of the company’s stock worth $54,000 after acquiring an additional 709 shares during the period. Canoe Financial LP acquired a new position in shares of Ero Copper during the 4th quarter valued at about $456,000. Sentry Investment Management LLC purchased a new stake in shares of Ero Copper in the third quarter valued at about $457,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ero Copper by 6.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,408 shares of the company’s stock worth $522,000 after purchasing an additional 1,475 shares during the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Ero Copper in a report on Monday, December 2nd. They issued a “buy” rating and a $19.00 target price on the stock. StockNews.com upgraded Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $26.33.

Ero Copper Stock Down 0.5 %

Shares of NYSE ERO opened at $14.19 on Monday. The stock has a market cap of $1.47 billion, a P/E ratio of 83.44 and a beta of 1.15. The business’s fifty day simple moving average is $14.31 and its 200-day simple moving average is $17.90. Ero Copper Corp. has a 12-month low of $12.78 and a 12-month high of $24.34. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71.

Ero Copper (NYSE:ERO) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. The company had revenue of $124.80 million for the quarter, compared to analyst estimates of $148.80 million. During the same period in the prior year, the firm posted $0.18 earnings per share. As a group, equities analysts predict that Ero Copper Corp. will post 0.92 EPS for the current fiscal year.

Ero Copper Company Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.