Acuitas Investments LLC purchased a new stake in Ero Copper Corp. (NYSE:ERO – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,210 shares of the company’s stock, valued at approximately $39,000.
A number of other institutional investors have also recently made changes to their positions in the stock. State of Wyoming bought a new position in shares of Ero Copper during the fourth quarter worth about $76,000. Northwest & Ethical Investments L.P. increased its position in Ero Copper by 19.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock valued at $88,000 after purchasing an additional 1,050 shares during the period. TD Waterhouse Canada Inc. increased its position in Ero Copper by 128.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company’s stock valued at $143,000 after purchasing an additional 6,000 shares during the period. Deutsche Bank AG raised its holdings in Ero Copper by 59.5% during the 4th quarter. Deutsche Bank AG now owns 10,700 shares of the company’s stock worth $144,000 after purchasing an additional 3,990 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Ero Copper in the 4th quarter worth approximately $146,000. Institutional investors own 71.30% of the company’s stock.
Ero Copper Trading Up 2.8%
Shares of ERO stock opened at $17.52 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.05 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average of $14.45 and a 200-day moving average of $13.42. Ero Copper Corp. has a 12-month low of $9.30 and a 12-month high of $23.40. The firm has a market cap of $1.81 billion, a P/E ratio of 102.87 and a beta of 1.18.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Ero Copper from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 24th. National Bankshares raised Ero Copper from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 6th. BMO Capital Markets initiated coverage on shares of Ero Copper in a research note on Wednesday, April 16th. They issued an “outperform” rating for the company. National Bank Financial upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 6th. Finally, Desjardins began coverage on Ero Copper in a research report on Friday, April 4th. They set a “hold” rating on the stock. One research analyst has rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $26.33.
View Our Latest Analysis on ERO
Ero Copper 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.
See Also
- Five stocks we like better than Ero Copper
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Aeva & Mobileye: LiDAR Stocks Powering the Autonomous Revolution
- Insider Trading – What You Need to Know
- Capitalize on Volatility: 3 Finance Stocks Thriving in 2025
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Dan Ives’ Bold $5 Trillion Forecast for Microsoft Stock
Want to see what other hedge funds are holding ERO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ero Copper Corp. (NYSE:ERO – Free Report).
Receive News & Ratings for Ero Copper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ero Copper and related companies with MarketBeat.com's FREE daily email newsletter.