Campbell & CO Investment Adviser LLC Increases Holdings in Ero Copper Corp. $ERO

Campbell & CO Investment Adviser LLC lifted its position in Ero Copper Corp. (NYSE:ERO) by 59.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,349 shares of the company’s stock after buying an additional 14,349 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Ero Copper were worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ERO. Northwest & Ethical Investments L.P. boosted its position in Ero Copper by 22.6% in the first quarter. Northwest & Ethical Investments L.P. now owns 8,033 shares of the company’s stock worth $97,000 after purchasing an additional 1,483 shares during the last quarter. Letko Brosseau & Associates Inc. bought a new stake in Ero Copper during the first quarter valued at approximately $176,000. Virtu Financial LLC purchased a new stake in Ero Copper during the first quarter valued at approximately $180,000. XTX Topco Ltd bought a new position in Ero Copper in the first quarter worth approximately $188,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Ero Copper during the 1st quarter valued at $217,000. Hedge funds and other institutional investors own 71.30% of the company’s stock.

Analyst Ratings Changes

ERO has been the topic of several analyst reports. TD Securities downgraded Ero Copper from a “buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Scotiabank upgraded Ero Copper from a “hold” rating to an “outperform” rating in a research note on Thursday, November 6th. Stifel Canada cut shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Raymond James Financial reiterated an “outperform” rating on shares of Ero Copper in a research report on Friday, October 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ero Copper in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.00.

Ero Copper Price Performance

ERO stock opened at $21.53 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.80 and a current ratio of 1.05. The company’s fifty day moving average price is $20.24 and its 200-day moving average price is $16.51. Ero Copper Corp. has a one year low of $9.30 and a one year high of $24.48. The company has a market capitalization of $2.23 billion, a PE ratio of 15.71 and a beta of 1.25.

Ero Copper (NYSE:ERO) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). Ero Copper had a net margin of 26.63% and a return on equity of 17.96%. The company had revenue of $177.10 million during the quarter, compared to the consensus estimate of $309.30 million. On average, equities analysts anticipate that Ero Copper Corp. will post 0.71 EPS for the current fiscal year.

Ero Copper Company 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.