23,778 Shares in Ero Copper Corp. $ERO Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. purchased a new stake in shares of Ero Copper Corp. (NYSE:ERO) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 23,778 shares of the company’s stock, valued at approximately $673,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ERO. FNY Investment Advisers LLC purchased a new stake in Ero Copper in the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Ero Copper during the fourth quarter valued at approximately $38,000. Kestra Advisory Services LLC purchased a new position in shares of Ero Copper during the fourth quarter valued at approximately $56,000. Banque Cantonale Vaudoise bought a new position in shares of Ero Copper during the third quarter valued at approximately $111,000. Finally, SG Americas Securities LLC purchased a new stake in Ero Copper in the fourth quarter worth $115,000. Institutional investors own 71.30% of the company’s stock.

Ero Copper Price Performance

NYSE ERO opened at $26.17 on Friday. 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. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 9.31 and a beta of 1.20. The company’s 50 day moving average is $28.04 and its two-hundred day moving average is $28.94.

Ero Copper (NYSE:ERO) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.13. The business had revenue of $263.20 million during the quarter, compared to analyst estimates of $245.51 million. Ero Copper had a net margin of 31.63% and a return on equity of 27.33%. As a group, research analysts anticipate that Ero Copper Corp. will post 4.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ERO shares. Wall Street Zen upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Scotiabank reaffirmed an “outperform” rating on shares of Ero Copper in a research note on Monday, June 15th. National Bank Financial upgraded shares of Ero Copper from a “sector perform” rating to an “outperform” rating in a research report 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Ero Copper in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Ero Copper has a consensus rating of “Moderate Buy” and an average price target of $31.50.

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.