Spire Wealth Management Purchases Shares of 28,912 Ero Copper Corp. $ERO

Spire Wealth Management acquired a new stake in shares of Ero Copper Corp. (NYSE:ERO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 28,912 shares of the company’s stock, valued at approximately $586,000.

Other large investors have also made changes to their positions in the company. Rathbones Group PLC lifted its holdings in Ero Copper by 19.3% during the 2nd quarter. Rathbones Group PLC now owns 15,903 shares of the company’s stock valued at $268,000 after purchasing an additional 2,570 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ero Copper during the first quarter worth approximately $217,000. Bluefin Capital Management LLC bought a new position in shares of Ero Copper in the second quarter valued at approximately $304,000. Northwest & Ethical Investments L.P. boosted its holdings in shares of Ero Copper by 130.3% in the 2nd quarter. Northwest & Ethical Investments L.P. now owns 18,499 shares of the company’s stock worth $312,000 after acquiring an additional 10,466 shares in the last quarter. Finally, Sheets Smith Wealth Management bought a new stake in Ero Copper during the 3rd quarter worth approximately $417,000. Institutional investors own 71.30% of the company’s stock.

Ero Copper Price Performance

Shares of ERO stock opened at $29.23 on Friday. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 21.97 and a beta of 1.22. Ero Copper Corp. has a 12 month low of $9.30 and a 12 month high of $31.36. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $24.95 and a 200 day moving average price of $19.72.

Ero Copper (NYSE:ERO) last issued its earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). The business had revenue of $177.10 million during the quarter, compared to the consensus estimate of $309.30 million. Ero Copper had a net margin of 23.44% and a return on equity of 17.07%. Research analysts expect that Ero Copper Corp. will post 0.71 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on ERO shares. Wall Street Zen raised Ero Copper from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ero Copper in a research report on Monday, December 29th. Cibc World Mkts lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. The Goldman Sachs Group raised their price objective on shares of Ero Copper from $18.50 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Jefferies Financial Group cut shares of Ero Copper from a “buy” rating to a “hold” rating in a research note on Sunday, December 7th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.50.

About Ero Copper

Ero Copper Corp (NYSE: ERO) is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.

The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.