Temasek Holdings Private Ltd Buys 50,400 Shares of Ero Copper Corp. (NYSE:ERO)

Temasek Holdings Private Ltd grew its stake in shares of Ero Copper Corp. (NYSE:ERO) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 592,821 shares of the company’s stock after buying an additional 50,400 shares during the period. Temasek Holdings Private Ltd owned 0.57% of Ero Copper worth $7,991,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Invesco Ltd. lifted its stake in Ero Copper by 22.6% in the 4th quarter. Invesco Ltd. now owns 3,890,977 shares of the company’s stock worth $52,450,000 after purchasing an additional 715,999 shares in the last quarter. Bridgewater Associates LP grew its position in shares of Ero Copper by 400.2% during the 4th quarter. Bridgewater Associates LP now owns 818,269 shares of the company’s stock valued at $11,026,000 after purchasing an additional 654,684 shares in the last quarter. Boston Partners increased its holdings in shares of Ero Copper by 66.9% in the fourth quarter. Boston Partners now owns 1,101,265 shares of the company’s stock worth $14,850,000 after purchasing an additional 441,413 shares during the period. 683 Capital Management LLC increased its holdings in shares of Ero Copper by 20.4% in the fourth quarter. 683 Capital Management LLC now owns 2,468,367 shares of the company’s stock worth $33,272,000 after purchasing an additional 418,367 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Ero Copper in the fourth quarter worth $3,509,000. 71.30% of the stock is currently owned by institutional investors.

Ero Copper Trading Down 3.9%

Shares of ERO opened at $13.09 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. Ero Copper Corp. has a fifty-two week low of $9.30 and a fifty-two week high of $24.34. The firm has a 50 day moving average price of $12.24 and a 200-day moving average price of $13.55. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 76.99 and a beta of 1.10.

Ero Copper (NYSE:ERO) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.18. The business had revenue of $125.10 million during the quarter, compared to analyst estimates of $179.45 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. As a group, equities research analysts forecast that Ero Copper Corp. will post 0.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ERO shares. TD Securities restated a “buy” rating on shares of Ero Copper in a research report on Wednesday, May 7th. StockNews.com upgraded Ero Copper from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Desjardins initiated coverage on Ero Copper in a report on Friday, April 4th. They set a “hold” rating for the company. National Bank Financial raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 6th. Finally, BMO Capital Markets started coverage on shares of Ero Copper in a research report on Wednesday, April 16th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $26.33.

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.