J. Safra Sarasin Holding AG Acquires 29,623 Shares of Ero Copper Corp. $ERO

J. Safra Sarasin Holding AG increased its holdings in shares of Ero Copper Corp. (NYSE:ERO) by 80.7% during the fourth quarter, Holdings Channel reports. The fund owned 66,336 shares of the company’s stock after acquiring an additional 29,623 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Ero Copper were worth $1,879,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in Ero Copper by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 55,170 shares of the company’s stock valued at $936,000 after purchasing an additional 1,823 shares during the last quarter. Samalin Investment Counsel LLC raised its position in shares of Ero Copper by 5.3% in the third quarter. Samalin Investment Counsel LLC now owns 38,074 shares of the company’s stock valued at $770,000 after purchasing an additional 1,916 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Ero Copper by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 93,129 shares of the company’s stock worth $1,884,000 after buying an additional 2,974 shares during the last quarter. Swiss National Bank lifted its stake in shares of Ero Copper by 1.6% during the 3rd quarter. Swiss National Bank now owns 192,300 shares of the company’s stock worth $3,897,000 after buying an additional 3,100 shares during the last quarter. Finally, Scotia Capital Inc. boosted its holdings in shares of Ero Copper by 1.1% during the 3rd quarter. Scotia Capital Inc. now owns 306,193 shares of the company’s stock worth $6,151,000 after buying an additional 3,185 shares during the period. Institutional investors own 71.30% of the company’s stock.

Ero Copper Stock Performance

NYSE:ERO opened at $26.60 on Wednesday. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 10.47 and a beta of 1.17. Ero Copper Corp. has a fifty-two week low of $9.30 and a fifty-two week high of $39.80. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.82. The stock has a fifty day moving average price of $30.09 and a 200-day moving average price of $25.91.

Ero Copper (NYSE:ERO) last posted its quarterly earnings results on Thursday, March 5th. The company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). Ero Copper had a net margin of 33.56% and a return on equity of 27.09%. The company had revenue of $320.20 million during the quarter, compared to analyst estimates of $430.46 million. As a group, equities analysts anticipate that Ero Copper Corp. will post 0.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on ERO. Jefferies Financial Group downgraded shares of Ero Copper from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. Zacks Research downgraded Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ero Copper in a research note on Monday, December 29th. Bank of America cut Ero Copper from a “buy” rating to a “neutral” rating in a report on Monday, February 9th. Finally, Scotiabank restated an “outperform” rating on shares of Ero Copper in a research note on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

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.