Ero Copper Corp. (NYSE:ERO) Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its holdings in Ero Copper Corp. (NYSE:ERO) by 128.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,672 shares of the company’s stock after acquiring an additional 6,000 shares during the period. TD Waterhouse Canada Inc.’s holdings in Ero Copper were worth $143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ERO. Invesco Ltd. raised its position in shares of Ero Copper by 22.6% during the 4th quarter. Invesco Ltd. now owns 3,890,977 shares of the company’s stock worth $52,450,000 after purchasing an additional 715,999 shares during the period. Bridgewater Associates LP grew its stake in Ero Copper by 400.2% during the 4th quarter. Bridgewater Associates LP now owns 818,269 shares of the company’s stock worth $11,026,000 after buying an additional 654,684 shares during the last quarter. Boston Partners increased its position in Ero Copper by 66.9% in the fourth quarter. Boston Partners now owns 1,101,265 shares of the company’s stock worth $14,850,000 after buying an additional 441,413 shares during the period. Renaissance Technologies LLC bought a new stake in Ero Copper in the fourth quarter valued at $3,509,000. Finally, Jennison Associates LLC boosted its holdings in shares of Ero Copper by 3.5% during the fourth quarter. Jennison Associates LLC now owns 5,909,627 shares of the company’s stock valued at $79,645,000 after acquiring an additional 198,800 shares during the period. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ERO has been the topic of a number of analyst reports. BMO Capital Markets started coverage on shares of Ero Copper in a report on Wednesday, April 16th. They issued an “outperform” rating on the stock. TD Cowen upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Desjardins assumed coverage on Ero Copper in a research report on Friday, April 4th. They set a “hold” rating for the company. Raymond James restated an “outperform” rating on shares of Ero Copper in a research report on Friday, April 4th. Finally, TD Securities raised Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $26.33.

Ero Copper Price Performance

Shares of NYSE:ERO opened at $12.63 on Friday. The stock’s 50 day moving average price is $12.01 and its 200 day moving average price is $14.23. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 74.29 and a beta of 1.10. Ero Copper Corp. has a 12 month low of $9.30 and a 12 month high of $24.34.

Ero Copper (NYSE:ERO) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. The business had revenue of $122.50 million during the quarter, compared to analyst estimates of $183.26 million. Equities research analysts anticipate that Ero Copper Corp. will post 0.71 earnings per share for the current fiscal year.

About Ero Copper

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.