D.A. Davidson & CO. Takes Position in Ero Copper Corp. (NYSE:ERO)

D.A. Davidson & CO. purchased a new position in shares of Ero Copper Corp. (NYSE:ERO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,477 shares of the company's stock, valued at approximately $345,000.

Several other large investors have also modified their holdings of the stock. Invesco Ltd. increased its stake in shares of Ero Copper by 22.6% in the fourth quarter. Invesco Ltd. now owns 3,890,977 shares of the company's stock valued at $52,450,000 after purchasing an additional 715,999 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ero Copper by 5.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,527,158 shares of the company's stock worth $47,529,000 after purchasing an additional 176,637 shares in the last quarter. 683 Capital Management LLC grew its position in Ero Copper by 20.4% during the 4th quarter. 683 Capital Management LLC now owns 2,468,367 shares of the company's stock worth $33,272,000 after purchasing an additional 418,367 shares in the last quarter. Boston Partners grew its position in Ero Copper by 66.9% during the 4th quarter. Boston Partners now owns 1,101,265 shares of the company's stock worth $14,850,000 after purchasing an additional 441,413 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of Ero Copper by 14.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 956,880 shares of the company's stock valued at $12,899,000 after acquiring an additional 123,289 shares in the last quarter. Institutional investors own 71.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Stifel Nicolaus initiated coverage on shares of Ero Copper in a report on Wednesday, July 9th. They set a "buy" rating on the stock. National Bankshares lowered shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, July 8th. Raymond James Financial raised shares of Ero Copper to a "moderate buy" rating in a research note on Monday, June 30th. Stifel Canada raised shares of Ero Copper to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Wall Street Zen cut shares of Ero Copper from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Ero Copper has an average rating of "Moderate Buy" and an average price target of $23.50.

Ero Copper Trading Down 1.3%

ERO traded down $0.19 during mid-day trading on Tuesday, hitting $14.49. The stock had a trading volume of 708,060 shares, compared to its average volume of 445,888. The stock's fifty day simple moving average is $15.03 and its 200-day simple moving average is $13.57. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.05 and a quick ratio of 0.80. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 85.21 and a beta of 1.18. Ero Copper Corp. has a 1-year low of $9.30 and a 1-year high of $23.40.

Ero Copper (NYSE:ERO - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.18. The company had revenue of $125.10 million during the quarter, compared to the consensus estimate of $179.45 million. Ero Copper had a net margin of 3.87% and a return on equity of 14.24%. As a group, research analysts forecast that Ero Copper Corp. will post 0.71 EPS for the current fiscal year.

Ero Copper Company 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.