Kapitalo Investimentos Ltda Grows Holdings in Ero Copper Corp. $ERO

Kapitalo Investimentos Ltda boosted its position in Ero Copper Corp. (NYSE:ERO) by 86.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,076,696 shares of the company’s stock after purchasing an additional 497,978 shares during the period. Ero Copper makes up about 4.1% of Kapitalo Investimentos Ltda’s portfolio, making the stock its 7th largest holding. Kapitalo Investimentos Ltda’s holdings in Ero Copper were worth $21,782,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. TD Waterhouse Canada Inc. grew its stake in shares of Ero Copper by 75.2% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 17,472 shares of the company’s stock worth $360,000 after purchasing an additional 7,500 shares during the last quarter. J. Safra Sarasin Holding AG grew its position in Ero Copper by 58.4% in the third quarter. J. Safra Sarasin Holding AG now owns 36,713 shares of the company’s stock worth $744,000 after buying an additional 13,532 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Ero Copper by 3.3% in the third quarter. CIBC Asset Management Inc now owns 93,129 shares of the company’s stock valued at $1,884,000 after buying an additional 2,974 shares in the last quarter. Olympiad Research LP acquired a new stake in shares of Ero Copper during the 3rd quarter valued at $248,000. Finally, Samalin Investment Counsel LLC boosted its stake in shares of Ero Copper by 5.3% during the 3rd quarter. Samalin Investment Counsel LLC now owns 38,074 shares of the company’s stock worth $770,000 after acquiring an additional 1,916 shares in the last quarter. 71.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ERO shares. TD Securities downgraded Ero Copper from a “buy” rating to a “hold” rating in a report on Tuesday, October 21st. Ventum Cap Mkts raised shares of Ero Copper to a “strong-buy” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Ero Copper in a research report on Monday, December 29th. Freedom Capital upgraded shares of Ero Copper to a “strong-buy” rating in a report on Tuesday, December 30th. Finally, Canaccord Genuity Group raised shares of Ero Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, January 14th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ero Copper presently has an average rating of “Moderate Buy” and a consensus price target of $32.50.

Ero Copper Price Performance

Shares of ERO opened at $36.10 on Thursday. The business’s 50-day moving average is $27.58 and its 200-day moving average is $21.12. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.82 and a quick ratio of 0.46. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 27.14 and a beta of 1.22. Ero Copper Corp. has a fifty-two week low of $9.30 and a fifty-two week high of $36.58.

Ero Copper (NYSE:ERO) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.09). The company had revenue of $177.10 million during the quarter, compared to analyst estimates of $309.30 million. Ero Copper had a net margin of 23.44% and a return on equity of 17.07%. Equities research analysts expect that Ero Copper Corp. will post 0.71 EPS 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.