Banco BTG Pactual S.A. Makes New Investment in Ero Copper Corp. (NYSE:ERO)

Banco BTG Pactual S.A. purchased a new stake in shares of Ero Copper Corp. (NYSE:ERO) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 117,600 shares of the company’s stock, valued at approximately $1,616,000. Banco BTG Pactual S.A. owned 0.11% of Ero Copper at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Boston Partners lifted its position in shares of Ero Copper by 66.9% in the fourth quarter. Boston Partners now owns 1,101,265 shares of the company’s stock valued at $14,850,000 after acquiring an additional 441,413 shares in the last quarter. Impala Asset Management LLC boosted its stake in shares of Ero Copper by 12.7% during the 3rd quarter. Impala Asset Management LLC now owns 2,209,610 shares of the company’s stock worth $49,208,000 after purchasing an additional 248,390 shares during the last quarter. FMR LLC grew its holdings in shares of Ero Copper by 1.8% during the third quarter. FMR LLC now owns 11,869,851 shares of the company’s stock worth $264,262,000 after buying an additional 206,405 shares in the last quarter. Jennison Associates LLC raised its position in shares of Ero Copper by 3.5% in the fourth quarter. Jennison Associates LLC now owns 5,909,627 shares of the company’s stock valued at $79,645,000 after buying an additional 198,800 shares during the last quarter. Finally, Temasek Holdings Private Ltd boosted its position in Ero Copper by 41.2% during the third quarter. Temasek Holdings Private Ltd now owns 542,421 shares of the company’s stock worth $12,080,000 after acquiring an additional 158,294 shares during the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

Ero Copper Price Performance

Ero Copper stock opened at $13.99 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1.45 billion, a P/E ratio of 82.29 and a beta of 1.17. The firm has a fifty day moving average of $13.30 and a 200-day moving average of $15.88. Ero Copper Corp. has a 52-week low of $11.11 and a 52-week high of $24.34.

Ero Copper (NYSE:ERO) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). The company had revenue of $122.50 million during the quarter, compared to analysts’ expectations of $183.26 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. As a group, analysts predict that Ero Copper Corp. will post 0.71 EPS for the current year.

Analysts Set New Price Targets

ERO has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Ero Copper in a research note on Monday, December 2nd. They set a “buy” rating and a $19.00 price target on the stock. TD Securities upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, TD Cowen raised shares of Ero Copper from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Ero Copper has a consensus rating of “Buy” and an average target price of $26.33.

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.