The Manufacturers Life Insurance Company Has $4.50 Million Holdings in Ero Copper Corp. (NYSE:ERO)

The Manufacturers Life Insurance Company cut its position in shares of Ero Copper Corp. (NYSE:ERO) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 333,567 shares of the company’s stock after selling 2,278 shares during the period. The Manufacturers Life Insurance Company’s holdings in Ero Copper were worth $4,498,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Synergy Asset Management LLC bought a new stake in Ero Copper in the 4th quarter valued at $78,000. Northwest & Ethical Investments L.P. increased its stake in Ero Copper by 19.1% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock valued at $88,000 after acquiring an additional 1,050 shares during the period. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Ero Copper in the fourth quarter worth about $125,000. TD Waterhouse Canada Inc. lifted its stake in Ero Copper by 128.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company’s stock worth $143,000 after purchasing an additional 6,000 shares during the period. Finally, Quantbot Technologies LP bought a new position in Ero Copper during the fourth quarter worth about $162,000. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ERO. Desjardins initiated coverage on Ero Copper in a report on Friday, April 4th. They issued a “hold” rating for the company. TD Securities reissued a “buy” rating on shares of Ero Copper in a report on Wednesday. National Bank Financial raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Tuesday. TD Cowen raised shares of Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets started coverage on shares of Ero Copper in a research note on Wednesday, April 16th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $26.33.

Ero Copper Trading Down 0.3 %

Shares of NYSE ERO opened at $13.38 on Friday. Ero Copper Corp. has a 1-year low of $9.30 and a 1-year high of $24.34. The company has a 50-day moving average of $12.08 and a two-hundred day moving average of $13.83. The company has a market cap of $1.39 billion, a PE ratio of 78.69 and a beta of 1.10. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71.

Ero Copper (NYSE:ERO) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.18. The firm had revenue of $125.10 million for the quarter, compared to the consensus estimate of $179.45 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. As a group, equities analysts expect that Ero Copper Corp. will post 0.71 earnings per share for the current fiscal year.

About Ero Copper

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.