22,120 Shares in Ero Copper Corp. $ERO Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. bought a new stake in Ero Copper Corp. (NYSE:ERO) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,120 shares of the company’s stock, valued at approximately $592,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new stake in Ero Copper during the second quarter worth about $9,639,000. Confluence Investment Management LLC acquired a new position in shares of Ero Copper in the 2nd quarter valued at about $305,000. PVG Asset Management Corp grew its holdings in shares of Ero Copper by 509.7% during the 1st quarter. PVG Asset Management Corp now owns 48,431 shares of the company’s stock worth $1,292,000 after purchasing an additional 40,487 shares during the period. Glenmede Trust Co. NA acquired a new stake in Ero Copper during the 1st quarter worth approximately $411,000. Finally, Amundi increased its position in Ero Copper by 7.9% during the 1st quarter. Amundi now owns 519,497 shares of the company’s stock worth $13,855,000 after purchasing an additional 37,847 shares in the last quarter. Hedge funds and other institutional investors own 71.30% of the company’s stock.

Ero Copper Trading Down 1.8%

NYSE ERO opened at $33.74 on Friday. The stock has a market cap of $3.52 billion, a P/E ratio of 11.32, a PEG ratio of 0.27 and a beta of 1.21. The company’s fifty day simple moving average is $27.94 and its 200-day simple moving average is $28.82. The company has a current ratio of 1.30, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. Ero Copper Corp. has a 52 week low of $13.37 and a 52 week high of $39.80.

Ero Copper (NYSE:ERO) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. The business had revenue of $284.30 million during the quarter, compared to analyst estimates of $277.64 million. Ero Copper had a net margin of 29.79% and a return on equity of 30.32%. Equities research analysts predict that Ero Copper Corp. will post 4.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ERO shares. Bank of America raised shares of Ero Copper from a “neutral” rating to a “buy” rating and lifted their price target for the company from $30.00 to $34.00 in a research report on Thursday, July 16th. TD Securities restated a “hold” rating on shares of Ero Copper in a report on Friday, August 7th. National Bank Financial raised shares of Ero Copper from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, May 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ero Copper in a report on Thursday, June 4th. Finally, Wall Street Zen raised Ero Copper from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.33.

About Ero Copper

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.