Ero Copper Corp. (NYSE:ERO) Shares Acquired by Scotia Capital Inc.

Scotia Capital Inc. increased its stake in shares of Ero Copper Corp. (NYSE:ERO) by 14.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,331 shares of the company’s stock after acquiring an additional 32,785 shares during the quarter. Scotia Capital Inc. owned about 0.25% of Ero Copper worth $3,517,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Janus Henderson Group PLC increased its position in shares of Ero Copper by 23.9% during the third quarter. Janus Henderson Group PLC now owns 27,408 shares of the company’s stock worth $600,000 after purchasing an additional 5,286 shares in the last quarter. National Bank of Canada FI grew its stake in Ero Copper by 13.6% during the 3rd quarter. National Bank of Canada FI now owns 66,183 shares of the company’s stock worth $1,474,000 after buying an additional 7,912 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Ero Copper during the third quarter worth approximately $654,000. Barclays PLC increased its position in Ero Copper by 64.4% during the third quarter. Barclays PLC now owns 33,987 shares of the company’s stock worth $757,000 after buying an additional 13,309 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Ero Copper by 16.1% in the third quarter. Geode Capital Management LLC now owns 46,940 shares of the company’s stock valued at $1,050,000 after buying an additional 6,521 shares during the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Ero Copper Trading Up 5.4 %

Shares of Ero Copper stock opened at $10.46 on Friday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 61.54 and a beta of 1.10. Ero Copper Corp. has a 52-week low of $9.30 and a 52-week high of $24.34. The company’s 50-day simple moving average is $12.50 and its 200-day simple moving average is $14.96. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71.

Ero Copper (NYSE:ERO) last released its earnings results 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). The business 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%. As a group, equities research analysts anticipate that Ero Copper Corp. will post 0.71 earnings per share for the current 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.