Patriot Financial Group Insurance Agency LLC Invests $532,000 in Ero Copper Corp. $ERO

Patriot Financial Group Insurance Agency LLC purchased a new stake in Ero Copper Corp. (NYSE:ERO) in the first quarter, Holdings Channel reports. The firm purchased 19,960 shares of the company’s stock, valued at approximately $532,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ERO. FNY Investment Advisers LLC purchased a new position in Ero Copper during the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Ero Copper in the 4th quarter worth $38,000. Kestra Advisory Services LLC bought a new position in shares of Ero Copper during the 4th quarter worth $56,000. Banque Cantonale Vaudoise bought a new position in shares of Ero Copper during the 3rd quarter worth $111,000. Finally, SG Americas Securities LLC purchased a new position in shares of Ero Copper during the fourth quarter valued at $115,000. Institutional investors own 71.30% of the company’s stock.

Ero Copper Price Performance

Shares of ERO opened at $26.69 on Wednesday. The business’s 50-day moving average is $28.14 and its two-hundred day moving average is $28.96. The company has a market capitalization of $2.78 billion, a P/E ratio of 9.50 and a beta of 1.17. Ero Copper Corp. has a fifty-two week low of $12.79 and a fifty-two week high of $39.80. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.30.

Ero Copper (NYSE:ERO) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.13. Ero Copper had a return on equity of 27.33% and a net margin of 31.63%.The business had revenue of $263.20 million during the quarter, compared to analysts’ expectations of $245.51 million. Research analysts predict that Ero Copper Corp. will post 4.1 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on ERO shares. Scotiabank restated an “outperform” rating on shares of Ero Copper in a report on Monday, June 15th. The Goldman Sachs Group downgraded shares of Ero Copper from a “buy” rating to a “neutral” rating and cut their target price for the company from $33.00 to $31.00 in a research report on Tuesday, April 14th. Wall Street Zen upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ero Copper in a research report on Thursday, June 4th. Finally, National Bank Financial raised shares of Ero Copper from a “sector perform” rating to an “outperform” rating in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ero Copper currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Ero Copper Company 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.