Swiss National Bank Buys 1,200 Shares of Ero Copper Corp. (NYSE:ERO)

Swiss National Bank lifted its stake in shares of Ero Copper Corp. (NYSE:ERO) by 0.6% in the 4th quarter, Holdings Channel reports. The fund owned 194,100 shares of the company’s stock after acquiring an additional 1,200 shares during the quarter. Swiss National Bank’s holdings in Ero Copper were worth $2,616,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ERO. FMR LLC increased its holdings in 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 purchasing an additional 206,405 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Ero Copper by 3.5% during the fourth quarter. Jennison Associates LLC now owns 5,909,627 shares of the company’s stock worth $79,645,000 after buying an additional 198,800 shares in the last quarter. Impala Asset Management LLC raised its position in Ero Copper by 12.7% in the 3rd quarter. Impala Asset Management LLC now owns 2,209,610 shares of the company’s stock valued at $49,208,000 after buying an additional 248,390 shares during the last quarter. Montrusco Bolton Investments Inc. lifted its stake in Ero Copper by 3.9% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 775,356 shares of the company’s stock valued at $10,448,000 after acquiring an additional 28,999 shares in the last quarter. Finally, Temasek Holdings Private Ltd boosted its position in Ero Copper by 41.2% during the 3rd quarter. Temasek Holdings Private Ltd now owns 542,421 shares of the company’s stock worth $12,080,000 after acquiring an additional 158,294 shares during the last quarter. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Ero Copper Stock Performance

NYSE ERO opened at $13.06 on Friday. The firm has a market capitalization of $1.35 billion, a P/E ratio of 76.84 and a beta of 1.17. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average price is $13.27 and its two-hundred day moving average price is $15.84. Ero Copper Corp. has a 1 year low of $11.11 and a 1 year high of $24.34.

Ero Copper (NYSE:ERO) last issued its earnings results on Thursday, March 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. The firm had revenue of $122.50 million during the quarter, compared to the consensus estimate of $183.26 million. As a group, research analysts anticipate that Ero Copper Corp. will post 0.71 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ERO. TD Cowen upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on shares of Ero Copper in a research note on Monday, December 2nd. They issued a “buy” rating and a $19.00 price target on the stock. Finally, TD Securities upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $26.33.

Ero Copper 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.