TD Asset Management Inc Has $11.32 Million Stock Holdings in Ero Copper Corp. (NYSE:ERO)

TD Asset Management Inc raised its holdings in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 234.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 935,090 shares of the company's stock after acquiring an additional 655,232 shares during the period. TD Asset Management Inc owned approximately 0.90% of Ero Copper worth $11,324,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Ero Copper in the 1st quarter valued at about $255,000. Raymond James Financial Inc. acquired a new position in Ero Copper during the fourth quarter valued at approximately $991,000. Bank of America Corp DE increased its stake 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 valued at $5,566,000 after purchasing an additional 130,524 shares in the last quarter. Pinpoint Asset Management Ltd raised its holdings in Ero Copper by 75.4% in the fourth quarter. Pinpoint Asset Management Ltd now owns 74,323 shares of the company's stock worth $1,002,000 after purchasing an additional 31,951 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Ero Copper by 5.3% during the fourth 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. Institutional investors and hedge funds own 71.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ERO shares. Stifel Canada upgraded Ero Copper to a "strong-buy" rating in a research report on Tuesday, July 8th. Wall Street Zen lowered shares of Ero Copper from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Stifel Nicolaus initiated coverage on Ero Copper in a report on Wednesday, July 9th. They issued a "buy" rating on the stock. Raymond James Financial upgraded Ero Copper to a "moderate buy" rating in a report on Monday, June 30th. Finally, National Bank Financial cut shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 9th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ero Copper presently has a consensus rating of "Moderate Buy" and an average price target of $23.50.

Ero Copper Stock Performance

Shares of NYSE:ERO traded down $0.09 on Friday, hitting $13.43. The company had a trading volume of 1,269,711 shares, compared to its average volume of 905,001. The stock has a 50 day moving average price of $15.19 and a 200 day moving average price of $13.60. 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 stock has a market cap of $1.39 billion, a price-to-earnings ratio of 10.82 and a beta of 1.16. 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 announced its earnings results on Thursday, July 31st. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.13. Ero Copper had a net margin of 26.63% and a return on equity of 17.96%. The company had revenue of $163.50 million during the quarter, compared to analysts' expectations of $263.23 million. Analysts expect that Ero Copper Corp. will post 0.71 EPS for the current 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.