Ero Copper Corp. (NYSE:ERO) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. grew its holdings in Ero Copper Corp. (NYSE:ERO - Free Report) by 38.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 308,073 shares of the company's stock after purchasing an additional 85,273 shares during the quarter. Franklin Resources Inc. owned 0.30% of Ero Copper worth $4,148,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ERO. Synergy Asset Management LLC purchased a new position in shares of Ero Copper in the 4th quarter valued at about $78,000. Northwest & Ethical Investments L.P. raised its position in Ero Copper by 19.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company's stock worth $88,000 after buying an additional 1,050 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Ero Copper during the fourth quarter worth $125,000. Quantbot Technologies LP purchased a new position in shares of Ero Copper in the fourth quarter valued at $162,000. Finally, Sentry Investment Management LLC boosted its position in shares of Ero Copper by 5.8% in the 4th quarter. Sentry Investment Management LLC now owns 21,716 shares of the company's stock worth $293,000 after buying an additional 1,188 shares in the last quarter. Institutional investors and hedge funds own 71.30% of the company's stock.

Ero Copper Stock Performance

Shares of ERO traded up $0.33 during mid-day trading on Wednesday, hitting $10.84. The stock had a trading volume of 431,590 shares, compared to its average volume of 522,009. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. Ero Copper Corp. has a fifty-two week low of $9.30 and a fifty-two week high of $24.34. The company's fifty day simple moving average is $12.39 and its two-hundred day simple moving average is $14.79. The company has a market cap of $1.12 billion, a PE ratio of 63.76 and a beta of 1.10.

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Ero Copper (NYSE:ERO - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04). The business had revenue of $122.50 million for the quarter, compared to analyst estimates of $183.26 million. Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. On average, equities analysts expect that Ero Copper Corp. will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Raymond James reiterated an "outperform" rating on shares of Ero Copper in a report on Friday, April 4th. Desjardins started coverage on shares of Ero Copper in a report on Friday, April 4th. They issued a "hold" rating on the stock. TD Securities upgraded Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 12th. TD Cowen upgraded 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 report on Wednesday. They set an "outperform" rating on the stock. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Ero Copper presently has an average rating of "Buy" and an average target price of $26.33.

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.