TD Asset Management Inc Purchases 655,232 Shares of Ero Copper Corp. (NYSE:ERO)

TD Asset Management Inc raised its position in Ero Copper Corp. (NYSE:ERO - Free Report) by 234.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 935,090 shares of the company's stock after acquiring an additional 655,232 shares during the quarter. TD Asset Management Inc owned approximately 0.90% of Ero Copper worth $11,324,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Ero Copper in the first quarter valued at about $255,000. Raymond James Financial Inc. purchased a new position in shares of Ero Copper during the fourth quarter valued at about $991,000. Bank of America Corp DE increased its position in shares of Ero Copper by 46.2% during the fourth quarter. Bank of America Corp DE now owns 412,925 shares of the company's stock valued at $5,566,000 after buying an additional 130,524 shares during the period. Pinpoint Asset Management Ltd increased its position in shares of Ero Copper by 75.4% during the fourth quarter. Pinpoint Asset Management Ltd now owns 74,323 shares of the company's stock valued at $1,002,000 after buying an additional 31,951 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 valued at $47,529,000 after buying an additional 176,637 shares during the period. Hedge funds and other institutional investors own 71.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ERO. Stifel Canada upgraded shares of Ero Copper to a "strong-buy" rating in a research report on Tuesday, July 8th. Stifel Nicolaus began coverage on shares of Ero Copper in a research report on Wednesday, July 9th. They set a "buy" rating on the stock. National Bankshares cut shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, July 8th. BMO Capital Markets reiterated an "outperform" rating on shares of Ero Copper in a research report on Friday, July 4th. Finally, Wall Street Zen cut shares of Ero Copper from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $23.50.

Ero Copper Stock Down 0.7%

NYSE:ERO traded down $0.09 during mid-day trading on Friday, hitting $13.43. 1,269,711 shares of the company's stock were exchanged, compared to its average volume of 905,001. Ero Copper Corp. has a one year low of $9.30 and a one year high of $23.40. 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 business has a fifty day moving average price of $15.17 and a 200 day moving average price of $13.59. The company has a market cap of $1.39 billion, a PE ratio of 9.80 and a beta of 1.16.

Ero Copper (NYSE:ERO - Get Free Report) last posted 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 net margin of 26.63% and a return on equity of 17.96%. The business had revenue of $163.50 million for the quarter, compared to analyst estimates of $263.23 million. Equities analysts predict 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.