HBK Sorce Advisory LLC lessened its stake in Ero Copper Corp. (NYSE:ERO – Free Report) by 8.2% within the 2nd quarter, in line with the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee. The fund owned 9,495 shares of the corporate’s inventory after promoting 845 shares in the course of the quarter. HBK Sorce Advisory LLC’s holdings in Ero Copper had been price $203,000 as of its most up-to-date SEC submitting.
A number of different hedge funds and different institutional buyers have additionally made modifications to their positions in ERO. Platinum Funding Administration Ltd. purchased a brand new stake in Ero Copper in the course of the fourth quarter price $257,000. Chesapeake Capital Corp IL purchased a brand new stake in shares of Ero Copper within the 2nd quarter valued at about $351,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ero Copper by 6.2% within the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,933 shares of the corporate’s inventory valued at $469,000 after buying an extra 1,277 shares in the course of the interval. Aigen Funding Administration LP acquired a brand new stake in Ero Copper within the 4th quarter valued at about $356,000. Lastly, Dynamic Expertise Lab Personal Ltd purchased a brand new place in Ero Copper in the course of the fourth quarter price about $385,000. 71.30% of the inventory is owned by institutional buyers.
Wall Avenue Analyst Weigh In
A number of analysis companies have issued experiences on ERO. Ventum Cap Mkts upgraded Ero Copper from a “maintain” score to a “strong-buy” score in a analysis be aware on Monday, July twenty second. Raymond James upgraded Ero Copper from a “market carry out” score to an “outperform” score in a analysis be aware on Tuesday, September third. Financial institution of America assumed protection on Ero Copper in a report on Tuesday, September third. They set a “purchase” score and a $28.00 worth goal for the corporate. BMO Capital Markets upgraded shares of Ero Copper from a “market carry out” score to an “outperform” score in a report on Wednesday, June twenty sixth. Lastly, Jefferies Monetary Group upgraded shares of Ero Copper from a “maintain” score to a “purchase” score in a analysis be aware on Monday, August fifth. One funding analyst has rated the inventory with a promote score, six have assigned a purchase score and one has given a robust purchase score to the corporate. Based mostly on information from MarketBeat, the corporate presently has a median score of “Average Purchase” and a median goal worth of $30.00.
Get Our Newest Evaluation on Ero Copper
Ero Copper Inventory Up 2.7 %
ERO inventory opened at $21.17 on Monday. Ero Copper Corp. has a fifty-two week low of $11.35 and a fifty-two week excessive of $24.34. The corporate has a debt-to-equity ratio of 0.59, a present ratio of 0.82 and a fast ratio of 0.60. The enterprise’s fifty day transferring common worth is $20.00 and its two-hundred day transferring common worth is $20.25. The inventory has a market capitalization of $2.19 billion, a price-to-earnings ratio of 32.57 and a beta of 1.19.
Ero Copper (NYSE:ERO – Get Free Report) final issued its quarterly earnings outcomes on Thursday, August 1st. The corporate reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The enterprise had income of $117.10 million for the quarter. Ero Copper had a optimistic return on fairness of 9.89% and a unfavourable web margin of 4.79%. Throughout the identical interval within the prior yr, the corporate earned $0.24 EPS. On common, equities analysts anticipate that Ero Copper Corp. will publish 1.75 earnings per share for the present yr.
About Ero Copper
Ero Copper Corp. engages within the exploration, improvement, and manufacturing of mining tasks in Brazil. The corporate is concerned within the manufacturing and sale of copper focus from the Caraíba operations situated within the Curaçá Valley, northeastern Bahia state, Brazil, in addition to gold and silver by-products.
Featured Tales
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