Ero Copper Corp. (NYSE:ERO) Shares Bought by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. grew its stake in Ero Copper Corp. (NYSE:ERO) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 775,356 shares of the company’s stock after acquiring an additional 28,999 shares during the quarter. Montrusco Bolton Investments Inc. owned about 0.75% of Ero Copper worth $10,448,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Impala Asset Management LLC increased its position in Ero Copper by 12.7% during the third quarter. Impala Asset Management LLC now owns 2,209,610 shares of the company’s stock worth $49,208,000 after purchasing an additional 248,390 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Ero Copper by 4.3% during the 3rd quarter. Jennison Associates LLC now owns 5,710,827 shares of the company’s stock worth $127,149,000 after buying an additional 237,345 shares during the last quarter. FMR LLC increased its holdings in shares of Ero Copper by 1.8% during the 3rd quarter. FMR LLC now owns 11,869,851 shares of the company’s stock worth $264,262,000 after buying an additional 206,405 shares during the last quarter. Temasek Holdings Private Ltd raised its position in shares of Ero Copper by 41.2% during the 3rd quarter. Temasek Holdings Private Ltd now owns 542,421 shares of the company’s stock valued at $12,080,000 after buying an additional 158,294 shares during the period. Finally, Mirabella Financial Services LLP lifted its holdings in Ero Copper by 608.2% in the third quarter. Mirabella Financial Services LLP now owns 143,252 shares of the company’s stock valued at $3,189,000 after acquiring an additional 123,023 shares during the last quarter. Hedge funds and other institutional investors own 71.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ERO. The Goldman Sachs Group started coverage on Ero Copper in a research note on Monday, December 2nd. They set a “buy” rating and a $19.00 target price for the company. StockNews.com upgraded shares of Ero Copper from a “sell” rating to a “hold” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $26.33.

Ero Copper Stock Performance

Shares of Ero Copper stock opened at $13.15 on Wednesday. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 77.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. The business has a 50-day moving average of $14.27 and a 200 day moving average of $17.81. Ero Copper Corp. has a 12 month low of $12.78 and a 12 month high of $24.34.

Ero Copper (NYSE:ERO) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. The business had revenue of $124.80 million during the quarter, compared to analyst estimates of $148.80 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. During the same quarter last year, the firm posted $0.18 earnings per share. As a group, sell-side analysts forecast that Ero Copper Corp. will post 0.92 earnings per share for the current year.

About Ero Copper

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.