Intact Investment Management Inc. Invests $670,000 in Ero Copper Corp. (NYSE:ERO)

Intact Investment Management Inc. bought a new position in Ero Copper Corp. (NYSE:ERO - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 30,100 shares of the company's stock, valued at approximately $670,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new position in shares of Ero Copper during the 3rd quarter worth about $38,000. Toronto Dominion Bank grew its stake in shares of Ero Copper by 38.7% in the second quarter. Toronto Dominion Bank now owns 2,539 shares of the company's stock worth $54,000 after acquiring an additional 709 shares during the last quarter. Chesapeake Capital Corp IL bought a new position in Ero Copper during the second quarter worth $351,000. Platinum Investment Management Ltd. boosted its holdings in Ero Copper by 15.9% in the 1st quarter. Platinum Investment Management Ltd. now owns 18,738 shares of the company's stock valued at $362,000 after purchasing an additional 2,564 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ero Copper by 6.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,933 shares of the company's stock valued at $469,000 after purchasing an additional 1,277 shares during the period. Institutional investors and hedge funds own 71.30% of the company's stock.

Ero Copper Price Performance

NYSE ERO traded up $0.84 during trading hours on Tuesday, reaching $18.63. 552,082 shares of the company's stock were exchanged, compared to its average volume of 328,035. The firm has a fifty day moving average of $20.35 and a 200-day moving average of $20.61. Ero Copper Corp. has a one year low of $11.35 and a one year high of $24.34. The company has a quick ratio of 0.60, a current ratio of 0.82 and a debt-to-equity ratio of 0.59.

Wall Street Analyst Weigh In

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

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.