Jennison Associates LLC Has $45.47 Million Holdings in Ero Copper Corp. (NYSE:ERO)

Jennison Associates LLC lessened its stake in shares of Ero Copper Corp. (NYSE:ERO) by 18.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,877,151 shares of the company’s stock after selling 667,710 shares during the period. Jennison Associates LLC owned about 2.80% of Ero Copper worth $45,467,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Montrusco Bolton Investments Inc. raised its holdings in Ero Copper by 245.2% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 642,010 shares of the company’s stock worth $11,121,000 after buying an additional 456,033 shares during the period. Impala Asset Management LLC raised its holdings in Ero Copper by 23.1% during the 3rd quarter. Impala Asset Management LLC now owns 1,836,510 shares of the company’s stock worth $31,661,000 after buying an additional 344,410 shares during the period. Public Sector Pension Investment Board raised its holdings in Ero Copper by 3.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 175,208 shares of the company’s stock worth $3,035,000 after buying an additional 6,631 shares during the period. FMR LLC raised its holdings in Ero Copper by 3.7% during the 3rd quarter. FMR LLC now owns 10,719,365 shares of the company’s stock worth $184,832,000 after buying an additional 379,686 shares during the period. Finally, Boston Partners grew its stake in Ero Copper by 27.4% during the 3rd quarter. Boston Partners now owns 173,054 shares of the company’s stock valued at $2,983,000 after acquiring an additional 37,246 shares in the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ERO. Pi Financial raised Ero Copper from a “neutral” rating to a “buy” rating in a research note on Thursday, April 18th. TheStreet raised Ero Copper from a “c” rating to a “b-” rating in a research note on Friday, March 8th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $24.00.

Ero Copper Stock Down 0.9 %

Shares of ERO stock opened at $19.23 on Wednesday. Ero Copper Corp. has a 12 month low of $11.35 and a 12 month high of $24.38. The firm has a market cap of $1.98 billion, a PE ratio of 19.62 and a beta of 1.26. The stock has a 50 day moving average of $18.46 and a 200-day moving average of $15.88. The company has a quick ratio of 0.94, a current ratio of 1.23 and a debt-to-equity ratio of 0.65.

Ero Copper (NYSE:ERO) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $116.41 million for the quarter, compared to analyst estimates of $104.20 million. Ero Copper had a return on equity of 13.16% and a net margin of 21.71%. During the same quarter last year, the firm earned $0.24 earnings per share. On average, equities analysts predict that Ero Copper Corp. will post 1.48 EPS for the current 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.