Scotia Capital Inc. Boosts Holdings in Ero Copper Corp. (NYSE:ERO)

Scotia Capital Inc. boosted its holdings in shares of Ero Copper Corp. (NYSE:ERO) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 262,331 shares of the company’s stock after acquiring an additional 32,785 shares during the period. Scotia Capital Inc.’s holdings in Ero Copper were worth $3,517,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ERO. Synergy Asset Management LLC acquired a new position in shares of Ero Copper during the 4th quarter worth approximately $78,000. Northwest & Ethical Investments L.P. raised its holdings in shares of Ero Copper by 19.1% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock worth $88,000 after acquiring an additional 1,050 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Ero Copper in the fourth quarter valued at $125,000. Quantbot Technologies LP purchased a new stake in shares of Ero Copper in the fourth quarter valued at $162,000. Finally, Sentry Investment Management LLC boosted its stake in shares of Ero Copper by 5.8% during the fourth 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 last quarter. Hedge funds and other institutional investors own 71.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. TD Securities raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 12th. Raymond James reissued an “outperform” rating on shares of Ero Copper in a research note on Friday, April 4th. TD Cowen raised Ero Copper from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, Desjardins started coverage on Ero Copper in a research report on Friday, April 4th. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $26.33.

Ero Copper Trading Up 5.4 %

ERO stock opened at $10.46 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 61.54 and a beta of 1.10. The business has a fifty day simple moving average of $12.50 and a 200-day simple moving average of $14.96. Ero Copper Corp. has a 52 week low of $9.30 and a 52 week high of $24.34.

Ero Copper (NYSE:ERO) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. The firm had revenue of $122.50 million during the quarter, compared to analysts’ expectations of $183.26 million. On average, equities research analysts expect that Ero Copper Corp. will post 0.71 EPS for the current 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.