38,193 Shares in Ero Copper Corp. $ERO Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in Ero Copper Corp. (NYSE:ERO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 38,193 shares of the company’s stock, valued at approximately $1,019,000.

A number of other large investors have also added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new position in Ero Copper in the 4th quarter valued at $38,000. PenderFund Capital Management Ltd. bought a new position in shares of Ero Copper in the second quarter worth $39,000. Kestra Advisory Services LLC acquired a new position in Ero Copper in the fourth quarter valued at about $56,000. Banque Cantonale Vaudoise acquired a new position in Ero Copper in the third quarter valued at about $111,000. Finally, Shay Capital LLC bought a new stake in Ero Copper during the third quarter worth about $202,000. Institutional investors and hedge funds own 71.30% of the company’s stock.

Analyst Ratings Changes

ERO has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Ero Copper in a report on Tuesday, September 1st. Jefferies Financial Group reiterated a “hold” rating on shares of Ero Copper in a research report on Monday, July 6th. Bank of America raised shares of Ero Copper from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $34.00 in a research note on Thursday, July 16th. Zacks Research downgraded shares of Ero Copper from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th. Finally, Wall Street Zen downgraded Ero Copper from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Ero Copper presently has an average rating of “Hold” and a consensus price target of $32.33.

Ero Copper Stock Performance

Shares of ERO stock opened at $37.98 on Wednesday. The business’s 50-day moving average price is $30.88 and its 200-day moving average price is $29.26. 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 $15.70 and a 12 month high of $40.83. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 0.28 and a beta of 1.27.

Ero Copper (NYSE:ERO) last issued its quarterly earnings data 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. Ero Copper had a net margin of 29.79% and a return on equity of 30.32%. The company had revenue of $284.30 million for the quarter, compared to analysts’ expectations of $277.64 million. Equities research analysts forecast that Ero Copper Corp. will post 3.96 EPS for the current year.

About Ero Copper

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.