Synergy Asset Management LLC Takes $78,000 Position in Ero Copper Corp. (NYSE:ERO)

Synergy Asset Management LLC bought a new stake in Ero Copper Corp. (NYSE:ERO) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 5,807 shares of the company’s stock, valued at approximately $78,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new stake in Ero Copper in the third quarter valued at approximately $38,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Ero Copper in the 4th quarter valued at $125,000. Canoe Financial LP bought a new stake in Ero Copper during the 4th quarter valued at $456,000. Sentry Investment Management LLC acquired a new position in Ero Copper during the third quarter worth $457,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ero Copper by 6.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,408 shares of the company’s stock valued at $522,000 after buying an additional 1,475 shares in the last quarter. 71.30% of the stock is owned by institutional investors.

Ero Copper Trading Up 1.8 %

NYSE:ERO opened at $13.67 on Friday. Ero Copper Corp. has a 52 week low of $12.78 and a 52 week high of $24.34. The firm has a 50-day moving average price of $14.16 and a two-hundred day moving average price of $17.71. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 80.43 and a beta of 1.15.

Ero Copper (NYSE:ERO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. The company had revenue of $124.80 million during the quarter, compared to the consensus estimate of $148.80 million. During the same period last year, the business posted $0.18 earnings per share. On average, equities analysts expect that Ero Copper Corp. will post 0.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com raised shares of Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group assumed coverage on Ero Copper in a report on Monday, December 2nd. They set a “buy” rating and a $19.00 price objective for the company. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target 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.