Eschler Asset Management LLP Acquires Shares of 80,910 Ero Copper Corp. $ERO

Eschler Asset Management LLP bought a new position in shares of Ero Copper Corp. (NYSE:ERO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 80,910 shares of the company’s stock, valued at approximately $1,363,000. Ero Copper accounts for 1.0% of Eschler Asset Management LLP’s portfolio, making the stock its 23rd largest holding. Eschler Asset Management LLP owned 0.08% of Ero Copper as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in ERO. Bluefin Capital Management LLC bought a new position in shares of Ero Copper in the 2nd quarter worth $304,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Ero Copper by 8.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 57,190 shares of the company’s stock valued at $967,000 after buying an additional 4,345 shares during the period. Bank of America Corp DE boosted its holdings in Ero Copper by 82.6% during the second quarter. Bank of America Corp DE now owns 1,775,632 shares of the company’s stock worth $29,919,000 after buying an additional 803,320 shares during the last quarter. Frontier Capital Management Co. LLC boosted its holdings in Ero Copper by 21.5% during the second quarter. Frontier Capital Management Co. LLC now owns 1,354,239 shares of the company’s stock worth $22,819,000 after buying an additional 239,935 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in Ero Copper by 2,384.8% during the second quarter. Marshall Wace LLP now owns 609,621 shares of the company’s stock worth $10,272,000 after buying an additional 585,087 shares during the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Scotiabank upgraded shares of Ero Copper from a “hold” rating to an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ero Copper in a research note on Monday. Zacks Research cut shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. TD Securities lowered shares of Ero Copper from a “buy” rating to a “hold” rating in a report on Tuesday, October 21st. Finally, Raymond James Financial restated an “outperform” rating on shares of Ero Copper in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Ero Copper currently has an average rating of “Hold” and a consensus price target of $25.00.

Ero Copper Stock Performance

Shares of ERO opened at $25.31 on Friday. The firm has a market cap of $2.62 billion, a P/E ratio of 19.03 and a beta of 1.23. Ero Copper Corp. has a twelve month low of $9.30 and a twelve month high of $26.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.80 and a current ratio of 0.82. The firm’s 50 day moving average price is $22.62 and its two-hundred day moving average price is $17.97.

Ero Copper (NYSE:ERO) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). The company had revenue of $177.10 million for the quarter, compared to analyst estimates of $309.30 million. Ero Copper had a return on equity of 17.07% and a net margin of 23.44%. On average, analysts forecast that Ero Copper Corp. will post 0.71 EPS for the current fiscal year.

About Ero Copper

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.