Samalin Investment Counsel LLC Boosts Stock Position in Ero Copper Corp. (NYSE:ERO)

Samalin Investment Counsel LLC boosted its stake in shares of Ero Copper Corp. (NYSE:ERO) by 125.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 31,017 shares of the company’s stock after purchasing an additional 17,255 shares during the period. Samalin Investment Counsel LLC’s holdings in Ero Copper were worth $418,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ERO. Synergy Asset Management LLC acquired a new stake in shares of Ero Copper in the fourth quarter worth approximately $78,000. Northwest & Ethical Investments L.P. raised its holdings in Ero Copper by 19.1% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock valued at $88,000 after acquiring an additional 1,050 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Ero Copper in the 4th quarter worth approximately $125,000. Quantbot Technologies LP purchased a new position in Ero Copper during the fourth quarter worth approximately $162,000. Finally, Sentry Investment Management LLC increased its stake in shares of Ero Copper by 5.8% in the 4th quarter. Sentry Investment Management LLC now owns 21,716 shares of the company’s stock worth $293,000 after acquiring an additional 1,188 shares during the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.

Analyst Ratings Changes

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

Ero Copper Price Performance

Shares of NYSE ERO opened at $13.37 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. The company has a market cap of $1.38 billion, a PE ratio of 78.66 and a beta of 1.17. The stock has a fifty day moving average price of $13.30 and a 200 day moving average price of $15.95. Ero Copper Corp. has a 1-year low of $11.11 and a 1-year high of $24.34.

Ero Copper (NYSE:ERO) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). The business had revenue of $122.50 million for the quarter, compared to analyst estimates of $183.26 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. Sell-side analysts forecast that Ero Copper Corp. will post 0.71 EPS for the current year.

About Ero Copper

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.