Franklin Resources Inc. Increases Holdings in Ero Copper Corp. (NYSE:ERO)

Franklin Resources Inc. grew its holdings in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 38.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 308,073 shares of the company's stock after buying an additional 85,273 shares during the period. Franklin Resources Inc. owned 0.30% of Ero Copper worth $4,148,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Synergy Asset Management LLC purchased a new position in shares of Ero Copper in the 4th quarter worth about $78,000. Northwest & Ethical Investments L.P. raised its holdings in 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 buying an additional 1,050 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Ero Copper in the fourth quarter worth approximately $125,000. Quantbot Technologies LP bought a new position in shares of Ero Copper in the fourth quarter worth approximately $162,000. Finally, Sentry Investment Management LLC grew its holdings 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 buying an additional 1,188 shares during the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on ERO shares. TD Cowen raised Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Raymond James reaffirmed an "outperform" rating on shares of Ero Copper in a research report on Friday, April 4th. BMO Capital Markets initiated coverage on Ero Copper in a research report on Wednesday. They issued an "outperform" rating for the company. Desjardins began coverage on shares of Ero Copper in a report on Friday, April 4th. They set a "hold" rating on the stock. Finally, TD Securities raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 12th. Two investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $26.33.

Ero Copper Stock Performance

Shares of ERO traded down $0.01 on Thursday, reaching $10.92. The company's stock had a trading volume of 80,052 shares, compared to its average volume of 398,000. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. Ero Copper Corp. has a 12-month low of $9.30 and a 12-month high of $24.34. The stock has a market capitalization of $1.13 billion, a P/E ratio of 64.27 and a beta of 1.10. The stock's 50 day simple moving average is $12.34 and its two-hundred day simple moving average is $14.76.

Ero Copper (NYSE:ERO - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). The company had revenue of $122.50 million during the quarter, compared to analysts' expectations of $183.26 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. Research analysts forecast that Ero Copper Corp. will post 0.71 earnings per share for the current fiscal 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.