Core Insights - Ero Copper has seen significant changes in institutional ownership, with several large investors increasing their stakes in the company, indicating growing confidence in its prospects [1][7] - Analysts have mixed ratings on Ero Copper, with some upgrading their ratings while others have downgraded, reflecting differing views on the company's future performance [2] - The company's recent quarterly earnings report showed a miss on both earnings per share and revenue compared to analyst expectations, which may raise concerns among investors [4] Institutional Ownership - GMT Capital Corp increased its stake by 22.9%, owning 6,931,025 shares valued at $83.94 million after acquiring 1,292,100 shares [1] - Connor Clark & Lunn Investment Management Ltd. raised its position by 119.3%, now holding 1,628,030 shares worth $27.52 million after buying 885,630 shares [1] - TD Asset Management Inc. boosted its stake by 56.2%, owning 1,460,342 shares valued at $24.62 million after acquiring 525,252 shares [1] - Hillsdale Investment Management Inc. purchased a new stake worth approximately $6.69 million [1] - Sprott Inc. increased its holdings by 64.3%, now owning 748,185 shares valued at $9.07 million after acquiring 292,896 shares [1] - Hedge funds and institutional investors collectively own 71.30% of Ero Copper's stock [1] Analyst Ratings - Weiss Ratings maintained a "hold (c)" rating on Ero Copper [2] - Wall Street Zen upgraded Ero Copper from "hold" to "buy" [2] - Goldman Sachs raised the price target from $18.50 to $25.00 and assigned a "buy" rating [2] - Stifel Canada downgraded Ero Copper from "strong-buy" to "hold" [2] - Zacks Research downgraded the stock from "strong-buy" to "hold" [2] - The average rating is "Hold" with a consensus target price of $25.00 [2] Stock Performance - Ero Copper shares opened at $25.25, with a market cap of $2.62 billion [3] - The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.80, and a current ratio of 1.05 [3] - The stock has a one-year low of $9.30 and a high of $25.78, with a 50-day moving average of $21.47 and a 200-day moving average of $17.18 [3] - The P/E ratio stands at 18.43, and the stock has a beta of 1.25 [3] Earnings Report - Ero Copper reported earnings of $0.27 per share, missing the consensus estimate of $0.36 by $0.09 [4] - The company generated revenue of $177.10 million, significantly below the analyst estimates of $309.30 million [4] - Ero Copper had a return on equity of 17.96% and a net margin of 26.63% [4] - Analysts predict an EPS of 0.71 for the current year [4] Company Overview - Ero Copper Corp. is engaged in the exploration, development, and production of mining projects in Brazil, focusing on copper concentrate production from the Caraíba operations [5]