Ero Copper Corp. (NYSE:ERO) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its holdings in shares of Ero Copper Corp. (NYSE:ERO – Get Rating) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,200 shares of the company’s stock after acquiring an additional 3,900 shares during the quarter. Swiss National Bank owned about 0.20% of Ero Copper worth $2,576,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ERO. Integrated Investment Consultants LLC acquired a new position in Ero Copper in the 3rd quarter worth $130,000. Envestnet Asset Management Inc. acquired a new position in Ero Copper in the 4th quarter worth $139,000. Keybank National Association OH acquired a new position in Ero Copper in the 4th quarter worth $162,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ero Copper by 40.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,145 shares of the company’s stock worth $167,000 after buying an additional 3,488 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in Ero Copper by 474.2% in the 4th quarter. National Bank of Canada FI now owns 31,499 shares of the company’s stock worth $434,000 after buying an additional 26,013 shares in the last quarter. Institutional investors and hedge funds own 47.09% of the company’s stock.

Ero Copper Price Performance

Shares of NYSE:ERO opened at $17.04 on Thursday. The company has a quick ratio of 2.80, a current ratio of 3.04 and a debt-to-equity ratio of 0.75. Ero Copper Corp. has a fifty-two week low of $8.07 and a fifty-two week high of $20.99. The firm has a 50-day simple moving average of $18.33 and a 200 day simple moving average of $15.89. The company has a market cap of $1.58 billion, a PE ratio of 21.30 and a beta of 0.99.

Ero Copper (NYSE:ERO – Get Rating) last posted its earnings results on Tuesday, March 7th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). Ero Copper had a return on equity of 14.30% and a net margin of 17.65%. The firm had revenue of $116.70 million during the quarter, compared to the consensus estimate of $103.00 million. On average, sell-side analysts anticipate that Ero Copper Corp. will post 1.21 EPS for the current year.

Analyst Upgrades and Downgrades

ERO has been the topic of a number of recent analyst reports. National Bank Financial upped their target price on shares of Ero Copper from C$21.00 to C$22.00 in a research note on Monday, February 13th. StockNews.com initiated coverage on shares of Ero Copper in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus initiated coverage on shares of Ero Copper in a research note on Thursday, May 18th. They issued a “hold” rating on the stock.

Ero Copper Profile

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Ero Copper Corp. engages in the exploration, development, and mining of mineral properties in Brazil. It also produces and sells copper, gold, silver products. The company was founded on May 16, 2016 and is headquartered in Vancouver, Canada.