Ero Copper Corp. $ERO Holdings Raised by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its position in shares of Ero Copper Corp. (NYSE:ERO) by 881.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,421 shares of the company’s stock after buying an additional 101,869 shares during the period. TD Waterhouse Canada Inc.’s holdings in Ero Copper were worth $4,043,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ERO. Sanders Morris Harris LLC acquired a new position in Ero Copper in the third quarter valued at $807,000. Artemis Investment Management LLP boosted its position in Ero Copper by 34.3% during the third quarter. Artemis Investment Management LLP now owns 893,832 shares of the company’s stock valued at $32,837,000 after acquiring an additional 228,194 shares during the last quarter. Engineers Gate Manager LP boosted its position in Ero Copper by 0.8% during the second quarter. Engineers Gate Manager LP now owns 37,573 shares of the company’s stock valued at $1,005,000 after acquiring an additional 285 shares during the last quarter. Corient Private Wealth LP grew its holdings in Ero Copper by 4.0% during the 2nd quarter. Corient Private Wealth LP now owns 9,046 shares of the company’s stock worth $242,000 after acquiring an additional 348 shares during the period. Finally, Amundi grew its holdings in Ero Copper by 85.8% during the 2nd quarter. Amundi now owns 965,346 shares of the company’s stock worth $25,823,000 after acquiring an additional 445,849 shares during the period. Institutional investors own 71.30% of the company’s stock.

Ero Copper Stock Performance

Shares of ERO stock opened at $32.84 on Wednesday. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 0.27 and a beta of 1.27. Ero Copper Corp. has a 52 week low of $19.09 and a 52 week high of $40.83. The company has a quick ratio of 0.81, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $36.06 and a 200-day moving average of $30.86.

Ero Copper (NYSE:ERO) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.09. Ero Copper had a net margin of 29.79% and a return on equity of 30.32%. The company had revenue of $284.30 million during the quarter, compared to analyst estimates of $277.64 million. On average, equities analysts forecast that Ero Copper Corp. will post 4.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Zacks Research raised Ero Copper from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 15th. Wall Street Zen downgraded Ero Copper from a “buy” rating to a “hold” rating in a research note on Saturday. Scotiabank lowered Ero Copper from a “sector outperform” rating to a “sector perform” rating in a research report on Tuesday, October 13th. Freedom Broker lowered Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Ero Copper in a research note on Wednesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.33.

Ero Copper Profile

Ero Copper Corp. is a Canadian-based mining company focused on the exploration, development and production of copper and associated minerals. Its shares trade under the symbol ERO on the New York Stock Exchange and the Toronto Stock Exchange.

The company’s principal assets are in Brazil. Its Caraíba Operations in the state of Bahia include underground and open-pit copper mines, processing facilities and related infrastructure. Ero Copper also operates the Tucumã copper mine in the state of Pará, while advancing additional exploration and development opportunities in Brazil.

Ero Copper was established in 2016 and has built its business around operating and expanding its Brazilian mining portfolio.