Vanguard Group Inc. boosted its position in Ero Copper Corp. (NYSE:ERO – Free Report) by 77.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,546,856 shares of the company’s stock after purchasing an additional 1,112,428 shares during the period. Vanguard Group Inc. owned about 2.44% of Ero Copper worth $72,051,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in Ero Copper in the 4th quarter valued at approximately $25,000. Banque Cantonale Vaudoise purchased a new position in Ero Copper in the 3rd quarter valued at approximately $111,000. SG Americas Securities LLC purchased a new position in Ero Copper in the 4th quarter valued at approximately $115,000. Shay Capital LLC purchased a new position in Ero Copper in the 3rd quarter valued at approximately $202,000. Finally, Versor Investments LP purchased a new position in Ero Copper in the 3rd quarter valued at approximately $217,000. 71.30% of the stock is owned by hedge funds and other institutional investors.
Ero Copper Price Performance
Shares of NYSE:ERO opened at $29.92 on Friday. The business’s fifty day moving average price is $27.71 and its two-hundred day moving average price is $27.65. The stock has a market cap of $3.12 billion, a PE ratio of 10.65 and a beta of 1.13. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.82. Ero Copper Corp. has a one year low of $12.79 and a one year high of $39.80.
Analysts Set New Price Targets
ERO has been the subject of several research analyst reports. Wall Street Zen downgraded Ero Copper from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Raymond James Financial downgraded Ero Copper from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 9th. National Bank Financial raised Ero Copper from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 5th. ATB Cormark Capital Markets raised Ero Copper to a “moderate buy” rating in a research note on Friday, February 6th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Ero Copper in a research note on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Ero Copper currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.
View Our Latest Analysis on Ero Copper
About Ero Copper
Ero Copper Corp (NYSE: ERO) is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.
The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.
Read More
- Five stocks we like better than Ero Copper
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Want to see what other hedge funds are holding ERO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ero Copper Corp. (NYSE:ERO – Free Report).
Receive News & Ratings for Ero Copper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ero Copper and related companies with MarketBeat.com's FREE daily email newsletter.
