Ero Copper Corp. (NYSE:ERO) Shares Sold by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda trimmed its position in Ero Copper Corp. (NYSE:ERO) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 512,770 shares of the company’s stock after selling 775 shares during the quarter. Ero Copper makes up 2.8% of Kapitalo Investimentos Ltda’s investment portfolio, making the stock its 12th largest position. Kapitalo Investimentos Ltda’s holdings in Ero Copper were worth $11,419,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Ero Copper in the 3rd quarter valued at $38,000. Lighthouse Investment Partners LLC acquired a new stake in shares of Ero Copper in the 2nd quarter valued at $2,521,000. Decade Renewable Partners LP acquired a new stake in shares of Ero Copper in the 2nd quarter valued at $1,436,000. Toronto Dominion Bank raised its holdings in shares of Ero Copper by 38.7% in the 2nd quarter. Toronto Dominion Bank now owns 2,539 shares of the company’s stock valued at $54,000 after purchasing an additional 709 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in shares of Ero Copper by 74.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 130,500 shares of the company’s stock valued at $2,790,000 after purchasing an additional 55,500 shares in the last quarter. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ERO has been the topic of a number of recent analyst reports. Ventum Cap Mkts raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 22nd. Raymond James raised shares of Ero Copper from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 3rd. Jefferies Financial Group raised shares of Ero Copper from a “hold” rating to a “buy” rating in a research report on Monday, August 5th. StockNews.com downgraded shares of Ero Copper from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Finally, BMO Capital Markets raised shares of Ero Copper from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.00.

Ero Copper Trading Down 4.0 %

Shares of Ero Copper stock opened at $19.82 on Wednesday. Ero Copper Corp. has a 1 year low of $11.35 and a 1 year high of $24.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 0.82. The company has a market capitalization of $2.05 billion, a P/E ratio of 30.49 and a beta of 1.20. The company’s fifty day moving average is $20.51 and its two-hundred day moving average is $20.74.

Ero Copper (NYSE:ERO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. Ero Copper had a negative net margin of 4.79% and a positive return on equity of 9.89%. The company had revenue of $117.10 million for the quarter. During the same period in the previous year, the business posted $0.24 earnings per share. Analysts forecast that Ero Copper Corp. will post 1.51 earnings per share for the current year.

Ero Copper Company Profile

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.