Scotia Capital Inc. Has $3.52 Million Holdings in Ero Copper Corp. (NYSE:ERO)

Scotia Capital Inc. boosted its stake in Ero Copper Corp. (NYSE:ERO - Free Report) by 14.3% during the 4th quarter, according to its most recent Form 13F 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 period. Scotia Capital Inc. owned 0.25% of Ero Copper worth $3,517,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. CenterBook Partners LP boosted its stake in Ero Copper by 2.5% in the fourth quarter. CenterBook Partners LP now owns 212,490 shares of the company's stock valued at $2,864,000 after acquiring an additional 5,205 shares during the period. Raymond James Financial Inc. acquired a new stake in Ero Copper in the 4th quarter valued at approximately $991,000. Renaissance Technologies LLC acquired a new position in Ero Copper during the 4th quarter worth $3,509,000. Invesco Ltd. grew its position in Ero Copper by 22.6% in the 4th quarter. Invesco Ltd. now owns 3,890,977 shares of the company's stock valued at $52,450,000 after buying an additional 715,999 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Ero Copper by 7.4% during the 4th quarter. Bank of Montreal Can now owns 728,570 shares of the company's stock valued at $9,810,000 after buying an additional 50,455 shares during the period. Institutional investors own 71.30% of the company's stock.

Ero Copper Stock Performance

ERO stock traded up $0.04 during trading hours on Thursday, reaching $10.97. The stock had a trading volume of 138,341 shares, compared to its average volume of 398,225. 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 50-day simple moving average of $12.34 and a 200 day simple moving average of $14.76. The stock has a market capitalization of $1.14 billion, a PE ratio of 64.59 and a beta of 1.10. Ero Copper Corp. has a fifty-two week low of $9.30 and a fifty-two week high of $24.34.

Ero Copper (NYSE:ERO - Get Free Report) last issued 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). The firm had revenue of $122.50 million during the quarter, compared to analyst estimates of $183.26 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. Analysts predict that Ero Copper Corp. will post 0.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ERO has been the subject of several research analyst reports. Desjardins started coverage on Ero Copper in a report on Friday, April 4th. They issued a "hold" rating for the company. TD Cowen raised Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. BMO Capital Markets began coverage on shares of Ero Copper in a research note on Wednesday. They issued an "outperform" rating for the company. TD Securities upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 12th. Finally, Raymond James reissued an "outperform" rating on shares of Ero Copper in a research note on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $26.33.

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.