Ero Copper Corp. (NYSE:ERO) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its holdings in Ero Copper Corp. (NYSE:ERO) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,810 shares of the company’s stock after selling 2,283 shares during the quarter. Mackenzie Financial Corp’s holdings in Ero Copper were worth $598,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Ero Copper by 6.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,785,920 shares of the company’s stock valued at $30,937,000 after acquiring an additional 104,436 shares during the period. CIBC Asset Management Inc raised its holdings in Ero Copper by 10.3% during the third quarter. CIBC Asset Management Inc now owns 87,349 shares of the company’s stock worth $1,511,000 after purchasing an additional 8,165 shares during the last quarter. Jennison Associates LLC raised its holdings in Ero Copper by 4.9% during the third quarter. Jennison Associates LLC now owns 3,544,861 shares of the company’s stock worth $61,161,000 after purchasing an additional 165,982 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Ero Copper during the third quarter worth $131,000. Finally, Keybank National Association OH grew its holdings in Ero Copper by 13.3% in the third quarter. Keybank National Association OH now owns 13,310 shares of the company’s stock valued at $229,000 after purchasing an additional 1,560 shares during the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.

Ero Copper Trading Up 8.1 %

Shares of ERO stock opened at $20.62 on Friday. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 21.04 and a beta of 1.26. The company has a current ratio of 1.23, a quick ratio of 0.94 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $18.71 and a 200 day moving average price of $15.96. Ero Copper Corp. has a twelve month low of $11.35 and a twelve month high of $24.38.

Ero Copper (NYSE:ERO) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.16%. The firm had revenue of $116.41 million during the quarter, compared to analyst estimates of $104.20 million. During the same period in the prior year, the firm earned $0.24 EPS. Research analysts forecast that Ero Copper Corp. will post 1.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. TheStreet raised Ero Copper from a “c” rating to a “b-” rating in a research note on Friday, March 8th. Pi Financial upgraded shares of Ero Copper from a “neutral” rating to a “buy” rating in a research report on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Ero Copper has an average rating of “Hold” and an average price target of $24.00.

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.