Hennion & Walsh Asset Management Inc. Purchases New Holdings in Ero Copper Corp. $ERO

Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Ero Copper Corp. (NYSE:EROFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 22,120 shares of the company’s stock, valued at approximately $592,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FIL Ltd boosted its stake in shares of Ero Copper by 74.1% during the 4th quarter. FIL Ltd now owns 11,670,422 shares of the company’s stock valued at $330,161,000 after buying an additional 4,966,427 shares during the last quarter. Invesco Ltd. grew its position in shares of Ero Copper by 10.7% during the fourth quarter. Invesco Ltd. now owns 2,827,385 shares of the company’s stock worth $79,987,000 after buying an additional 273,470 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Ero Copper by 77.6% in the fourth quarter. Vanguard Group Inc. now owns 2,546,856 shares of the company’s stock worth $72,051,000 after buying an additional 1,112,428 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ero Copper by 11.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,507,087 shares of the company’s stock worth $50,794,000 after buying an additional 250,303 shares during the last quarter. Finally, Cape Ann Asset Management Ltd raised its holdings in Ero Copper by 13.5% in the first quarter. Cape Ann Asset Management Ltd now owns 1,949,128 shares of the company’s stock valued at $51,983,000 after acquiring an additional 231,485 shares in the last quarter. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

Ero Copper Price Performance

Shares of NYSE ERO opened at $33.74 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 0.27 and a beta of 1.21. Ero Copper Corp. has a twelve month low of $13.37 and a twelve month high of $39.80. The business has a 50 day simple moving average of $27.94 and a 200-day simple moving average of $28.82.

Ero Copper (NYSE:EROGet Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.09. The firm had revenue of $284.30 million for the quarter, compared to analysts’ expectations of $277.64 million. Ero Copper had a return on equity of 30.32% and a net margin of 29.79%. As a group, equities research analysts expect that Ero Copper Corp. will post 4.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ERO. TD Securities reiterated a “hold” rating on shares of Ero Copper in a research note on Friday, August 7th. Wall Street Zen raised shares of Ero Copper from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Bradesco Corretora upgraded shares of Ero Copper to an “outperform” rating in a research note on Monday, July 20th. Scotiabank reaffirmed an “outperform” rating on shares of Ero Copper in a research report on Monday, June 15th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Ero Copper in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.33.

View Our Latest Stock Report on ERO

About Ero Copper

(Free Report)

Ero Copper Corp (NYSE: ERO) is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.

The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.

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Institutional Ownership by Quarter for Ero Copper (NYSE:ERO)

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