PDT Partners LLC Purchases New Shares in Ero Copper Corp. (NYSE:ERO)

PDT Partners LLC acquired a new stake in shares of Ero Copper Corp. (NYSE:ERO - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,261 shares of the company's stock, valued at approximately $1,565,000. PDT Partners LLC owned 0.07% of Ero Copper as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ERO. Exchange Traded Concepts LLC purchased a new position in shares of Ero Copper in the third quarter worth approximately $38,000. Toronto Dominion Bank increased its stake in shares of Ero Copper by 38.7% in the 2nd quarter. Toronto Dominion Bank now owns 2,539 shares of the company's stock worth $54,000 after purchasing an additional 709 shares in the last quarter. Chesapeake Capital Corp IL purchased a new position in Ero Copper during the second quarter valued at $351,000. Sentry Investment Management LLC bought a new stake in Ero Copper during the third quarter valued at about $457,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ero Copper by 6.2% in 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 in the last quarter. Hedge funds and other institutional investors own 71.30% of the company's stock.

Ero Copper Price Performance

Shares of ERO stock traded up $0.02 during trading hours on Monday, hitting $15.24. The stock had a trading volume of 515,266 shares, compared to its average volume of 337,509. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 89.65 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 stock's 50-day moving average price is $18.70 and its two-hundred day moving average price is $19.95.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Raymond James upgraded Ero Copper from a "market perform" rating to an "outperform" rating in a research note on Tuesday, September 3rd. Jefferies Financial Group raised shares of Ero Copper from a "hold" rating to a "buy" rating in a research note on Monday, August 5th. Bank of America initiated coverage on shares of Ero Copper in a research note on Tuesday, September 3rd. They set a "buy" rating and a $28.00 target price on the stock. StockNews.com raised Ero Copper from a "sell" rating to a "hold" rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group began coverage on Ero Copper in a research report on Monday. They set a "buy" rating and a $19.00 target price for the company. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ero Copper has a consensus rating of "Buy" and an average price target 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.