Ero Copper Corp. (NYSE:ERO) Shares Purchased by Sprott Inc.

Sprott Inc. increased its stake in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 42.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 455,289 shares of the company's stock after purchasing an additional 135,049 shares during the period. Sprott Inc. owned approximately 0.44% of Ero Copper worth $6,137,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Ero Copper by 1.8% during the 3rd quarter. FMR LLC now owns 11,869,851 shares of the company's stock worth $264,262,000 after purchasing an additional 206,405 shares during the period. Jennison Associates LLC boosted its position in shares of Ero Copper by 3.5% during the 4th quarter. Jennison Associates LLC now owns 5,909,627 shares of the company's stock worth $79,645,000 after purchasing an additional 198,800 shares during the period. Impala Asset Management LLC boosted its position in shares of Ero Copper by 12.7% during the 3rd quarter. Impala Asset Management LLC now owns 2,209,610 shares of the company's stock worth $49,208,000 after purchasing an additional 248,390 shares during the period. Montrusco Bolton Investments Inc. boosted its position in shares of Ero Copper by 3.9% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 775,356 shares of the company's stock worth $10,448,000 after purchasing an additional 28,999 shares during the period. Finally, Temasek Holdings Private Ltd boosted its position in shares of Ero Copper by 41.2% during the 3rd quarter. Temasek Holdings Private Ltd now owns 542,421 shares of the company's stock worth $12,080,000 after purchasing an additional 158,294 shares during the period. Hedge funds and other institutional investors own 71.30% of the company's stock.

Analyst Ratings Changes

ERO has been the subject of a number of research analyst reports. The Goldman Sachs Group assumed coverage on shares of Ero Copper in a research report on Monday, December 2nd. They set a "buy" rating and a $19.00 price objective for the company. TD Securities raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 12th. Finally, TD Cowen raised shares of Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Ero Copper presently has a consensus rating of "Buy" and an average target price of $26.33.

Ero Copper Stock Down 1.6 %

Shares of Ero Copper stock traded down $0.19 during trading on Friday, hitting $11.81. 551,699 shares of the stock were exchanged, compared to its average volume of 499,594. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 69.47 and a beta of 1.14. The firm's 50-day moving average price is $13.65 and its 200 day moving average price is $16.81. Ero Copper Corp. has a 12-month low of $11.48 and a 12-month high of $24.34. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45.

About Ero Copper

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.