Van ECK Associates Corp Purchases 4,097 Shares of Ero Copper Corp. (NYSE:ERO)

Van ECK Associates Corp grew its holdings in Ero Copper Corp. (NYSE:ERO) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 136,990 shares of the company’s stock after purchasing an additional 4,097 shares during the quarter. Van ECK Associates Corp owned about 0.13% of Ero Copper worth $3,051,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its stake in shares of Ero Copper by 4.1% in the first quarter. Russell Investments Group Ltd. now owns 783,756 shares of the company’s stock valued at $15,111,000 after buying an additional 30,665 shares in the last quarter. Boston Partners raised its holdings in Ero Copper by 226.9% during the 1st quarter. Boston Partners now owns 726,068 shares of the company’s stock worth $14,010,000 after buying an additional 503,972 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Ero Copper by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 464,047 shares of the company’s stock worth $9,922,000 after buying an additional 115,002 shares during the period. Goehring & Rozencwajg Associates LLC boosted its holdings in Ero Copper by 22.5% during 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. Finally, Swiss National Bank increased its position in shares of Ero Copper by 10.6% during the 1st quarter. Swiss National Bank now owns 183,800 shares of the company’s stock worth $3,543,000 after purchasing an additional 17,600 shares during the last quarter. Institutional investors own 71.30% of the company’s stock.

Ero Copper Price Performance

ERO opened at $17.34 on Friday. Ero Copper Corp. has a 12-month low of $11.35 and a 12-month high of $24.34. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 102.00 and a beta of 1.23. The company has a current ratio of 0.82, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $20.10 and a two-hundred day simple moving average of $20.55.

Wall Street Analyst Weigh In

ERO has been the subject of several research reports. StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Jefferies Financial Group raised shares of Ero Copper from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Bank of America assumed coverage on Ero Copper in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $28.00 price objective for the company. Raymond James upgraded Ero Copper from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 3rd. Finally, Ventum Cap Mkts upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $30.00.

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.