Nuveen LLC Takes Position in Ero Copper Corp. $ERO

Nuveen LLC purchased a new stake in shares of Ero Copper Corp. (NYSE:ERO - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 84,619 shares of the company's stock, valued at approximately $1,025,000. Nuveen LLC owned about 0.08% of Ero Copper as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ERO. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ero Copper during the 1st quarter valued at $8,994,000. TD Asset Management Inc increased its position in Ero Copper by 234.1% during the first quarter. TD Asset Management Inc now owns 935,090 shares of the company's stock valued at $11,324,000 after acquiring an additional 655,232 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ero Copper by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,527,158 shares of the company's stock valued at $47,529,000 after acquiring an additional 176,637 shares during the period. Dimensional Fund Advisors LP boosted its position in Ero Copper by 25.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 769,800 shares of the company's stock worth $10,376,000 after purchasing an additional 157,504 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Ero Copper by 46.2% in the fourth quarter. Bank of America Corp DE now owns 412,925 shares of the company's stock worth $5,566,000 after purchasing an additional 130,524 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 have recently weighed in on ERO shares. Raymond James Financial upgraded shares of Ero Copper to a "moderate buy" rating in a research note on Monday, June 30th. National Bank Financial downgraded shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, July 9th. Scotiabank reissued an "outperform" rating on shares of Ero Copper in a research report on Tuesday, July 8th. TD Securities restated a "buy" rating on shares of Ero Copper in a research note on Wednesday, May 7th. Finally, National Bankshares reiterated a "sector perform" rating on shares of Ero Copper in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $19.00.

Ero Copper Price Performance

Shares of NYSE ERO traded down $0.20 during midday trading on Thursday, reaching $14.67. The stock had a trading volume of 575,883 shares, compared to its average volume of 572,665. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 10.70 and a beta of 1.16. Ero Copper Corp. has a 12-month low of $9.30 and a 12-month high of $23.40. The stock has a 50-day moving average of $14.62 and a 200-day moving average of $13.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.80 and a current ratio of 1.05.

Ero Copper (NYSE:ERO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.13. The business had revenue of $163.50 million during the quarter, compared to analyst estimates of $263.23 million. Ero Copper had a return on equity of 17.96% and a net margin of 26.63%. As a group, research analysts anticipate 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.