Sentry Investment Management LLC Has $264,000 Position in Ero Copper Corp. $ERO

Sentry Investment Management LLC cut its stake in shares of Ero Copper Corp. (NYSE:ERO) by 24.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,721 shares of the company’s stock after selling 5,300 shares during the quarter. Sentry Investment Management LLC’s holdings in Ero Copper were worth $264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ERO. Sumitomo Mitsui Trust Group Inc. acquired a new position in Ero Copper during the 1st quarter worth about $255,000. Acuitas Investments LLC acquired a new position in shares of Ero Copper in the 1st quarter valued at about $39,000. D.A. Davidson & CO. acquired a new position in shares of Ero Copper in the 1st quarter valued at about $345,000. Envestnet Asset Management Inc. lifted its stake in shares of Ero Copper by 5.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 55,103 shares of the company’s stock valued at $668,000 after purchasing an additional 2,958 shares during the period. Finally, Montrusco Bolton Investments Inc. lifted its stake in shares of Ero Copper by 0.8% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 781,932 shares of the company’s stock valued at $9,470,000 after purchasing an additional 6,576 shares during the period. 71.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. National Bankshares reissued a “sector perform” rating on shares of Ero Copper in a research note on Tuesday, August 5th. Stifel Canada raised Ero Copper to a “strong-buy” rating in a research note on Tuesday, July 8th. Scotiabank downgraded Ero Copper from an “outperform” rating to a “hold” rating in a research note on Tuesday, October 14th. Wall Street Zen downgraded Ero Copper from a “buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Ero Copper in a research note on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Ero Copper Stock Performance

Shares of ERO opened at $22.09 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.80 and a current ratio of 1.05. The stock has a 50 day moving average price of $17.39 and a two-hundred day moving average price of $15.09. The firm has a market capitalization of $2.29 billion, a P/E ratio of 16.12 and a beta of 1.24. Ero Copper Corp. has a 52 week low of $9.30 and a 52 week high of $24.48.

Ero Copper (NYSE:ERO) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. The firm had revenue of $163.50 million during the quarter, compared to analyst estimates of $263.23 million. Ero Copper had a return on equity of 17.96% and a net margin of 26.63%. Equities analysts forecast that Ero Copper Corp. will post 0.71 earnings per share 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.