Mirabella Financial Services LLP Purchases 123,023 Shares of Ero Copper Corp. (NYSE:ERO)

Mirabella Financial Services LLP lifted its position in Ero Copper Corp. (NYSE:ERO - Free Report) by 608.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 143,252 shares of the company's stock after purchasing an additional 123,023 shares during the quarter. Mirabella Financial Services LLP owned 0.14% of Ero Copper worth $3,189,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its position in shares of Ero Copper by 38.7% during the 2nd quarter. Toronto Dominion Bank now owns 2,539 shares of the company's stock worth $54,000 after buying an additional 709 shares during the period. National Bank of Canada FI grew its stake in Ero Copper by 1.4% in the second quarter. National Bank of Canada FI now owns 58,271 shares of the company's stock valued at $1,238,000 after purchasing an additional 793 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Ero Copper by 6.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,933 shares of the company's stock worth $469,000 after buying an additional 1,277 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Ero Copper in the 3rd quarter valued at about $38,000. Finally, CIBC Asset Management Inc lifted its position in shares of Ero Copper by 3.3% in the third quarter. CIBC Asset Management Inc now owns 117,832 shares of the company's stock valued at $2,624,000 after buying an additional 3,746 shares during the last quarter. 71.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Bank of America initiated coverage on shares of Ero Copper in a research report on Tuesday, September 3rd. They issued a "buy" rating and a $28.00 target price for the company. Jefferies Financial Group raised shares of Ero Copper from a "hold" rating to a "buy" rating in a report on Monday, August 5th. StockNews.com upgraded Ero Copper from a "sell" rating to a "hold" rating in a research note on Friday, October 25th. Finally, Raymond James upgraded Ero Copper from a "market perform" rating to an "outperform" rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $30.00.

Ero Copper Price Performance

ERO traded up $0.10 during trading on Monday, hitting $15.71. 387,349 shares of the stock traded hands, compared to its average volume of 336,880. The business has a 50 day moving average price of $19.37 and a 200 day moving average price of $20.22. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. Ero Copper Corp. has a twelve month low of $11.96 and a twelve month high of $24.34. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 91.82 and a beta of 1.23.

Ero Copper 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.