Sei Investments Co. Makes New Investment in Ero Copper Corp. $ERO

Sei Investments Co. bought a new stake in Ero Copper Corp. (NYSE:ERO) during the 1st quarter, HoldingsChannel reports. The firm bought 38,136 shares of the company’s stock, valued at approximately $1,017,000.

A number of other institutional investors and hedge funds have also modified their holdings of ERO. TD Waterhouse Canada Inc. raised its position in shares of Ero Copper by 2.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 17,852 shares of the company’s stock worth $503,000 after purchasing an additional 380 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in Ero Copper by 3.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 18,103 shares of the company’s stock worth $513,000 after buying an additional 574 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Ero Copper by 3.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 32,833 shares of the company’s stock worth $933,000 after buying an additional 1,107 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Ero Copper during the 4th quarter worth approximately $38,000. Finally, Banque Cantonale Vaudoise increased its stake in Ero Copper by 20.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 9,000 shares of the company’s stock worth $239,000 after buying an additional 1,500 shares in 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 recently weighed in on ERO. TD Securities restated a “hold” rating on shares of Ero Copper in a research report on Friday, August 7th. National Bank Financial upgraded Ero Copper from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, May 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ero Copper in a research note on Thursday, June 4th. Scotiabank restated an “outperform” rating on shares of Ero Copper in a report on Monday, June 15th. Finally, Jefferies Financial Group reaffirmed 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 given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.33.

Ero Copper Stock Down 0.8%

ERO stock opened at $36.00 on Thursday. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.29 and a beta of 1.21. The company has a current ratio of 1.30, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. Ero Copper Corp. has a 12 month low of $13.37 and a 12 month high of $39.80. The firm has a 50-day moving average of $27.70 and a two-hundred day moving average of $28.77.

Ero Copper (NYSE:ERO) last issued its earnings results on Wednesday, August 5th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.09. The business 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, analysts forecast that Ero Copper Corp. will post 4.02 earnings per share for the current fiscal year.

Ero Copper Profile

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.