Samalin Investment Counsel LLC Buys 17,255 Shares of Ero Copper Corp. (NYSE:ERO)

Samalin Investment Counsel LLC increased its stake in Ero Copper Corp. (NYSE:ERO) by 125.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,017 shares of the company’s stock after buying an additional 17,255 shares during the quarter. Samalin Investment Counsel LLC’s holdings in Ero Copper were worth $418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ERO. Synergy Asset Management LLC purchased a new stake in Ero Copper in the fourth quarter worth $78,000. Northwest & Ethical Investments L.P. raised its position in Ero Copper by 19.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock valued at $88,000 after purchasing an additional 1,050 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Ero Copper in the fourth quarter worth about $125,000. Quantbot Technologies LP bought a new position in shares of Ero Copper during the fourth quarter valued at approximately $162,000. Finally, Sentry Investment Management LLC boosted its position in Ero Copper by 5.8% during the 4th quarter. Sentry Investment Management LLC now owns 21,716 shares of the company’s stock valued at $293,000 after acquiring an additional 1,188 shares in the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

Ero Copper Price Performance

NYSE:ERO opened at $13.37 on Monday. The firm’s fifty day moving average is $13.30 and its two-hundred day moving average is $15.95. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 78.66 and a beta of 1.17. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. Ero Copper Corp. has a one year low of $11.11 and a one year high of $24.34.

Ero Copper (NYSE:ERO) last issued its earnings results on Thursday, March 6th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). The company had revenue of $122.50 million during the quarter, compared to analysts’ expectations of $183.26 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. Research analysts expect that Ero Copper Corp. will post 0.71 EPS for the current year.

Analyst Ratings Changes

ERO has been the topic of several analyst reports. TD Cowen upgraded Ero Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. TD Securities upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group began coverage on shares of Ero Copper in a research report on Monday, December 2nd. They issued a “buy” rating and a $19.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $26.33.

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.