9,300 Shares in Ero Copper Corp. (NYSE:ERO) Bought by Stonehage Fleming Financial Services Holdings Ltd

Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Ero Copper Corp. (NYSE:ERO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,300 shares of the company’s stock, valued at approximately $125,000.

A number of other large investors also recently bought and sold shares of the company. Toronto Dominion Bank lifted its position in Ero Copper by 2,172.6% in the third quarter. Toronto Dominion Bank now owns 57,702 shares of the company’s stock valued at $1,285,000 after purchasing an additional 55,163 shares during the period. Old West Investment Management LLC lifted its holdings in shares of Ero Copper by 100.0% in the 3rd quarter. Old West Investment Management LLC now owns 160,000 shares of the company’s stock valued at $3,563,000 after buying an additional 80,000 shares during the period. Canoe Financial LP purchased a new stake in shares of Ero Copper in the fourth quarter valued at approximately $456,000. Impala Asset Management LLC grew its holdings in Ero Copper by 12.7% during the third quarter. Impala Asset Management LLC now owns 2,209,610 shares of the company’s stock worth $49,208,000 after acquiring an additional 248,390 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Ero Copper by 16.1% in the third quarter. Geode Capital Management LLC now owns 46,940 shares of the company’s stock valued at $1,050,000 after acquiring an additional 6,521 shares during the period. Hedge funds and other institutional investors own 71.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Ero Copper in a report on Monday, December 2nd. They issued a “buy” rating and a $19.00 price target for the company. StockNews.com raised shares of Ero Copper from a “sell” rating to a “hold” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $26.33.

Ero Copper Price Performance

ERO stock opened at $14.19 on Monday. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 83.44 and a beta of 1.15. The stock’s fifty day simple moving average is $14.31 and its 200-day simple moving average is $17.90. Ero Copper Corp. has a 52-week low of $12.78 and a 52-week high of $24.34. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71.

Ero Copper (NYSE:ERO) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $124.80 million for the quarter, compared to analyst estimates of $148.80 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. During the same quarter last year, the business earned $0.18 EPS. Equities research analysts expect that Ero Copper Corp. will post 0.92 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.