MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $43.69 Million Stock Holdings in Ero Copper Corp. $ERO

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its stake in Ero Copper Corp. to $43.69 million, representing a 2.3% increase, bringing their total shares to 3,607,517.
• Ero Copper's current market capitalization is $1.55 billion, with its stock recently trading at $14.97 and having a 12-month high of $23.40.
• Analysts generally maintain a positive outlook on Ero Copper, with a consensus rating of "Moderate Buy" and an average target price of $19.00.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ero Copper Corp. (NYSE:ERO - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,607,517 shares of the company's stock after buying an additional 80,359 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 3.48% of Ero Copper worth $43,689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Ero Copper in the 1st quarter worth about $255,000. Sprott Inc. increased its holdings in Ero Copper by 64.3% during the first quarter. Sprott Inc. now owns 748,185 shares of the company's stock worth $9,068,000 after buying an additional 292,896 shares during the last quarter. Wincap Financial LLC increased its holdings in Ero Copper by 29.4% during the first quarter. Wincap Financial LLC now owns 96,510 shares of the company's stock worth $1,170,000 after buying an additional 21,948 shares during the last quarter. Bank of America Corp DE increased its holdings in Ero Copper by 46.2% during the fourth quarter. Bank of America Corp DE now owns 412,925 shares of the company's stock worth $5,566,000 after buying an additional 130,524 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in Ero Copper by 234.1% during the first quarter. TD Asset Management Inc now owns 935,090 shares of the company's stock worth $11,324,000 after buying an additional 655,232 shares during the last quarter. Institutional investors and hedge funds own 71.30% of the company's stock.

Ero Copper Stock Up 1.9%

Shares of NYSE ERO opened at $14.97 on Friday. Ero Copper Corp. has a 12 month low of $9.30 and a 12 month high of $23.40. The company has a current ratio of 1.05, a quick ratio of 0.80 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 10.92 and a beta of 1.16. The business has a 50-day moving average of $14.53 and a 200-day moving average of $13.65.

Ero Copper (NYSE:ERO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.33 by $0.13. Ero Copper had a return on equity of 17.96% and a net margin of 26.63%.The company had revenue of $163.50 million during the quarter, compared to analyst estimates of $263.23 million. Sell-side analysts expect that Ero Copper Corp. will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Stifel Nicolaus assumed coverage on shares of Ero Copper in a report on Wednesday, July 9th. They set a "buy" rating on the stock. National Bank Financial downgraded shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 9th. Stifel Canada upgraded shares of Ero Copper to a "strong-buy" rating in a research note on Tuesday, July 8th. BMO Capital Markets reiterated an "outperform" rating on shares of Ero Copper in a research note on Friday, July 4th. Finally, Scotiabank reiterated an "outperform" rating on shares of Ero Copper in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Ero Copper presently has a consensus rating of "Moderate Buy" and an average target price of $19.00.

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.

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