Northwest & Ethical Investments L.P. Boosts Stake in Ero Copper Corp. (NYSE:ERO)

Northwest & Ethical Investments L.P. raised its position in Ero Copper Corp. (NYSE:ERO) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,550 shares of the company’s stock after purchasing an additional 1,050 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Ero Copper were worth $88,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Synergy Asset Management LLC acquired a new stake in Ero Copper during the 4th quarter worth approximately $78,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Ero Copper in the fourth quarter worth $125,000. Sentry Investment Management LLC raised its stake in shares of Ero Copper by 5.8% in the 4th quarter. Sentry Investment Management LLC now owns 21,716 shares of the company’s stock valued at $293,000 after acquiring an additional 1,188 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ero Copper by 6.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,408 shares of the company’s stock valued at $522,000 after acquiring an additional 1,475 shares in the last quarter. Finally, Keybank National Association OH boosted its position in Ero Copper by 8.0% during the 4th quarter. Keybank National Association OH now owns 26,120 shares of the company’s stock worth $352,000 after purchasing an additional 1,946 shares during the period. 71.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on ERO shares. TD Cowen upgraded Ero Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group began coverage on Ero Copper in a research report on Monday, December 2nd. They set a “buy” rating and a $19.00 price target on the stock. Finally, TD Securities raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $26.33.

Ero Copper Trading Down 3.2 %

Shares of ERO opened at $13.37 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. Ero Copper Corp. has a one year low of $11.11 and a one year high of $24.34. The stock has a 50-day moving average price of $13.30 and a 200 day moving average price of $15.97. The company has a market capitalization of $1.38 billion, a P/E ratio of 78.66 and a beta of 1.17.

Ero Copper (NYSE:ERO) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). The company had revenue of $122.50 million for the quarter, compared to analyst estimates of $183.26 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. Sell-side analysts forecast that Ero Copper Corp. will post 0.71 EPS for the current fiscal 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.