Walser Wealth Management Company A Ltd Liability Co Purchases New Position in Ero Copper Corp. $ERO

Walser Wealth Management Company A Ltd Liability Co purchased a new stake in shares of Ero Copper Corp. (NYSE:ERO) in the first quarter, Holdings Channel.com reports. The firm purchased 55,103 shares of the company’s stock, valued at approximately $1,470,000. Ero Copper accounts for about 0.7% of Walser Wealth Management Company A Ltd Liability Co’s holdings, making the stock its 24th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. lifted its holdings in shares of Ero Copper by 2.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 17,852 shares of the company’s stock valued at $503,000 after purchasing an additional 380 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in Ero Copper by 3.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 18,103 shares of the company’s stock worth $513,000 after buying an additional 574 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Ero Copper in the 4th quarter valued at $25,000. Public Employees Retirement System of Ohio raised its position in Ero Copper by 3.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 32,833 shares of the company’s stock valued at $933,000 after buying an additional 1,107 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Ero Copper during the 4th quarter valued at $38,000. 71.30% of the stock is owned by institutional investors.

Ero Copper Stock Performance

Ero Copper stock traded down $1.33 during mid-day trading on Tuesday, reaching $25.07. The company’s stock had a trading volume of 428,805 shares, compared to its average volume of 1,519,840. Ero Copper Corp. has a 12-month low of $12.79 and a 12-month high of $39.80. The company has a market capitalization of $2.61 billion, a P/E ratio of 8.89 and a beta of 1.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.30. The firm’s fifty day moving average price is $28.02 and its two-hundred day moving average price is $28.98.

Ero Copper (NYSE:ERO) last posted its earnings results on Monday, May 4th. The company reported $0.69 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $263.20 million for the quarter, compared to the consensus estimate of $245.51 million. Sell-side analysts predict that Ero Copper Corp. will post 4.1 EPS for the current fiscal year.

Analysts Set New Price Targets

ERO has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Scotiabank reissued an “outperform” rating on shares of Ero Copper in a research report on Monday, June 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ero Copper in a research note on Thursday, June 4th. Jefferies Financial Group reissued a “hold” rating on shares of Ero Copper in a research report on Monday. Finally, National Bank Financial upgraded Ero Copper from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Ero Copper presently has an average rating of “Moderate Buy” and an average target price of $31.50.

Ero Copper Company 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.