Goehring & Rozencwajg Associates LLC Reduces Holdings in Ero Copper Corp. (NYSE:ERO)

Goehring & Rozencwajg Associates LLC lowered its stake in shares of Ero Copper Corp. (NYSE:ERO) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 349,834 shares of the company’s stock after selling 11,023 shares during the quarter. Goehring & Rozencwajg Associates LLC owned about 0.34% of Ero Copper worth $4,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Exchange Traded Concepts LLC purchased a new position in shares of Ero Copper during the 3rd quarter worth approximately $38,000. Synergy Asset Management LLC purchased a new position in Ero Copper during the fourth quarter valued at $78,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Ero Copper during the 4th quarter valued at $125,000. Sentry Investment Management LLC purchased a new stake in shares of Ero Copper in the 3rd quarter worth about $457,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Ero Copper by 6.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,408 shares of the company’s stock worth $522,000 after acquiring an additional 1,475 shares in the last quarter. 71.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ERO shares. The Goldman Sachs Group began coverage on shares of Ero Copper in a report on Monday, December 2nd. They issued a “buy” rating and a $19.00 price objective on the stock. StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $26.33.

Ero Copper Price Performance

Shares of ERO opened at $13.37 on Friday. Ero Copper Corp. has a twelve month low of $12.78 and a twelve month high of $24.34. The company has a market capitalization of $1.38 billion, a P/E ratio of 78.65 and a beta of 1.14. The firm has a 50 day moving average of $13.92 and a 200 day moving average of $17.43. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71.

Ero Copper (NYSE:ERO) last posted its earnings results on Tuesday, November 5th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $124.80 million during the quarter, compared to analyst estimates of $148.80 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. During the same quarter last year, the company earned $0.18 EPS. As a group, equities research analysts anticipate that Ero Copper Corp. will post 0.92 earnings per share for the current fiscal year.

Ero Copper Profile

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.