Rockefeller Capital Management L.P. Takes Position in Ero Copper Corp. $ERO

Rockefeller Capital Management L.P. acquired a new position in shares of Ero Copper Corp. (NYSE:ERO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,778 shares of the company’s stock, valued at approximately $673,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC purchased a new stake in Ero Copper during the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Ero Copper during the fourth quarter worth about $38,000. Kestra Advisory Services LLC purchased a new position in shares of Ero Copper in the 4th quarter worth about $56,000. Banque Cantonale Vaudoise purchased a new position in shares of Ero Copper in the 3rd quarter worth about $111,000. Finally, SG Americas Securities LLC bought a new position in shares of Ero Copper during the 4th quarter valued at about $115,000. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ERO has been the topic of a number of research reports. Wall Street Zen raised Ero Copper from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. National Bank Financial raised Ero Copper from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group cut shares of Ero Copper from a “buy” rating to a “neutral” rating and reduced their price target for the company from $33.00 to $31.00 in a research report on Tuesday, April 14th. Scotiabank reissued an “outperform” rating on shares of Ero Copper in a research note on Monday, June 15th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Ero Copper in a report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ero Copper presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Ero Copper Stock Down 0.1%

ERO opened at $26.17 on Friday. The company has a market cap of $2.73 billion, a P/E ratio of 9.31 and a beta of 1.20. The business’s 50-day moving average price is $28.04 and its 200-day moving average price is $28.94. The company has a current ratio of 1.30, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. Ero Copper Corp. has a 12 month low of $12.79 and a 12 month high of $39.80.

Ero Copper (NYSE:ERO) last issued its earnings results on Monday, May 4th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.13. Ero Copper had a return on equity of 27.33% and a net margin of 31.63%.The company had revenue of $263.20 million during the quarter, compared to analysts’ expectations of $245.51 million. On average, equities analysts expect that Ero Copper Corp. will post 4.1 EPS for the current year.

Ero Copper Profile

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.