Kapitalo Investimentos Ltda Buys New Position in Ero Copper Corp. $ERO

Kapitalo Investimentos Ltda bought a new stake in Ero Copper Corp. (NYSE:EROFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,076,696 shares of the company’s stock, valued at approximately $28,802,000. Ero Copper makes up 1.8% of Kapitalo Investimentos Ltda’s portfolio, making the stock its 10th largest holding. Kapitalo Investimentos Ltda owned about 1.03% of Ero Copper as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. FIL Ltd grew its position in Ero Copper by 74.1% in the fourth quarter. FIL Ltd now owns 11,670,422 shares of the company’s stock valued at $330,161,000 after purchasing an additional 4,966,427 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in Ero Copper by 602.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,685,445 shares of the company’s stock valued at $47,767,000 after buying an additional 1,445,645 shares during the last quarter. Vanguard Group Inc. lifted its position in Ero Copper by 1,614.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,434,428 shares of the company’s stock worth $29,056,000 after buying an additional 1,350,738 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Ero Copper by 4,913.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 974,932 shares of the company’s stock worth $26,000,000 after buying an additional 955,487 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Ero Copper by 82.6% during the 2nd quarter. Bank of America Corp DE now owns 1,775,632 shares of the company’s stock worth $29,919,000 after buying an additional 803,320 shares during the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Ero Copper in a report on Thursday, June 4th. Jefferies Financial Group reiterated a “hold” rating on shares of Ero Copper in a report on Monday, July 6th. TD Securities reissued a “hold” rating on shares of Ero Copper in a research report on Friday, August 7th. Wall Street Zen upgraded Ero Copper from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, National Bank Financial raised Ero Copper from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $32.33.

Read Our Latest Report on Ero Copper

Ero Copper Price Performance

NYSE:ERO opened at $40.42 on Wednesday. Ero Copper Corp. has a 12-month low of $13.91 and a 12-month high of $40.54. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 0.31 and a beta of 1.21. The stock’s 50 day moving average price is $29.13 and its two-hundred day moving average price is $28.83. The company has a quick ratio of 0.81, a current ratio of 1.30 and a debt-to-equity ratio of 0.50.

Ero Copper (NYSE:EROGet Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. Ero Copper had a return on equity of 30.32% and a net margin of 29.79%.The business had revenue of $284.30 million for the quarter, compared to analyst estimates of $277.64 million. On average, analysts anticipate that Ero Copper Corp. will post 3.98 earnings per share for the current year.

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.

See Also

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

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