Fmr LLC Buys 206,405 Shares of Ero Copper Corp. (NYSE:ERO)

Fmr LLC lifted its stake in Ero Copper Corp. (NYSE:ERO) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,869,851 shares of the company’s stock after acquiring an additional 206,405 shares during the quarter. Fmr LLC owned 0.11% of Ero Copper worth $264,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Goehring & Rozencwajg Associates LLC boosted its holdings in Ero Copper by 22.5% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 340,008 shares of the company’s stock worth $7,266,000 after purchasing an additional 62,500 shares during the last quarter. Old West Investment Management LLC lifted its holdings in shares of Ero Copper by 100.0% during the 3rd quarter. Old West Investment Management LLC now owns 160,000 shares of the company’s stock valued at $3,563,000 after buying an additional 80,000 shares during the period. Lighthouse Investment Partners LLC purchased a new position in shares of Ero Copper in the 2nd quarter worth $2,521,000. Intact Investment Management Inc. bought a new stake in shares of Ero Copper in the third quarter worth $670,000. Finally, Mirabella Financial Services LLP increased its position in Ero Copper by 608.2% during the third quarter. Mirabella Financial Services LLP now owns 143,252 shares of the company’s stock valued at $3,189,000 after acquiring an additional 123,023 shares during the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Jefferies Financial Group raised Ero Copper from a “hold” rating to a “buy” rating in a research report on Monday, August 5th. Raymond James raised shares of Ero Copper from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 3rd. StockNews.com raised shares of Ero Copper from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, Bank of America assumed coverage on shares of Ero Copper in a research note on Tuesday, September 3rd. They set a “buy” rating and a $28.00 price target on the stock. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ero Copper presently has a consensus rating of “Buy” and an average price target of $30.00.

Ero Copper Trading Down 0.3 %

Ero Copper stock opened at $15.22 on Monday. Ero Copper Corp. has a 12-month low of $11.96 and a 12-month high of $24.34. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 89.53 and a beta of 1.23. The firm has a 50 day moving average of $18.82 and a 200 day moving average of $19.99. 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 Company 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.