Ero Copper Corp. (NYSE:ERO) Stock Holdings Lifted by Impala Asset Management LLC

Impala Asset Management LLC raised its position in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 12.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,209,610 shares of the company's stock after buying an additional 248,390 shares during the quarter. Ero Copper comprises 34.2% of Impala Asset Management LLC's portfolio, making the stock its biggest holding. Impala Asset Management LLC owned approximately 2.14% of Ero Copper worth $49,208,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ERO. Raymond James & Associates lifted its holdings in shares of Ero Copper by 19.0% in the 2nd quarter. Raymond James & Associates now owns 63,751 shares of the company's stock worth $1,363,000 after acquiring an additional 10,200 shares during the last quarter. K.J. Harrison & Partners Inc bought a new stake in shares of Ero Copper during the 2nd quarter worth approximately $1,581,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ero Copper by 6.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,933 shares of the company's stock valued at $469,000 after acquiring an additional 1,277 shares during the period. Van ECK Associates Corp boosted its holdings in Ero Copper by 24.7% during the 2nd quarter. Van ECK Associates Corp now owns 132,893 shares of the company's stock valued at $2,841,000 after acquiring an additional 26,305 shares during the period. Finally, CIBC Asset Management Inc grew its position in Ero Copper by 8.4% in the 2nd quarter. CIBC Asset Management Inc now owns 114,086 shares of the company's stock valued at $2,437,000 after acquiring an additional 8,825 shares during the last quarter. Institutional investors own 71.30% of the company's stock.

Ero Copper Trading Down 4.5 %

Shares of ERO traded down $0.67 during midday trading on Tuesday, reaching $14.13. The company had a trading volume of 400,579 shares, compared to its average volume of 339,668. The firm has a 50 day simple moving average of $17.76 and a 200-day simple moving average of $19.59. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.46 billion, a PE ratio of 83.12 and a beta of 1.12. Ero Copper Corp. has a 1-year low of $13.22 and a 1-year high of $24.34.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ERO shares. StockNews.com upgraded shares of Ero Copper from a "sell" rating to a "hold" rating in a report on Friday, October 25th. Bank of America started coverage on shares of Ero Copper in a research report on Tuesday, September 3rd. They set a "buy" rating and a $28.00 target price on the stock. The Goldman Sachs Group began coverage on Ero Copper in a report on Monday, December 2nd. They issued a "buy" rating and a $19.00 price target for the company. Finally, Raymond James upgraded Ero Copper from a "market perform" rating to an "outperform" rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $26.33.

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.