Fmr LLC Grows Stake in Ero Copper Corp. (NYSE:ERO)

FMR LLC lifted its holdings in Ero Copper Corp. (NYSE:ERO - Free Report) by 1.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,869,851 shares of the company's stock after acquiring an additional 206,405 shares during the quarter. FMR LLC owned 11.49% of Ero Copper worth $264,262,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC lifted its position in Ero Copper by 4.3% in the third quarter. Jennison Associates LLC now owns 5,710,827 shares of the company's stock valued at $127,149,000 after purchasing an additional 237,345 shares during the last quarter. Montrusco Bolton Investments Inc. raised its holdings in Ero Copper by 17.2% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 746,357 shares of the company's stock valued at $16,635,000 after buying an additional 109,633 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Ero Copper by 32.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 464,047 shares of the company's stock valued at $9,922,000 after buying an additional 115,002 shares during the period. Goehring & Rozencwajg Associates LLC grew its holdings in Ero Copper by 22.5% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 340,008 shares of the company's stock worth $7,266,000 after acquiring an additional 62,500 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Ero Copper by 8.7% in the third quarter. The Manufacturers Life Insurance Company now owns 335,845 shares of the company's stock valued at $7,484,000 after acquiring an additional 26,898 shares during the period. Hedge funds and other institutional investors own 71.30% of the company's stock.

Ero Copper Stock Down 0.1 %

Shares of ERO traded down $0.02 on Monday, hitting $15.20. 292,363 shares of the stock traded hands, compared to its average volume of 336,387. The company has a market capitalization of $1.57 billion, a PE ratio of 89.53 and a beta of 1.23. Ero Copper Corp. has a one year low of $12.59 and a one year high of $24.34. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. The business has a 50 day simple moving average of $18.82 and a 200 day simple moving average of $19.99.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Bank of America assumed coverage on Ero Copper in a research note on Tuesday, September 3rd. They issued a "buy" rating and a $28.00 target price on the stock. Jefferies Financial Group upgraded Ero Copper from a "hold" rating to a "buy" rating in a research report on Monday, August 5th. The Goldman Sachs Group began coverage on Ero Copper in a report on Monday. They set a "buy" rating and a $19.00 target price for the company. StockNews.com upgraded shares of Ero Copper from a "sell" rating to a "hold" rating in a report on Friday, October 25th. Finally, Raymond James upgraded shares of 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 given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ero Copper has an average rating of "Buy" and an average 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.