Temasek Holdings Private Ltd Grows Position in Ero Copper Corp. (NYSE:ERO)

Temasek Holdings Private Ltd raised its stake in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 41.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 542,421 shares of the company's stock after buying an additional 158,294 shares during the quarter. Temasek Holdings Private Ltd owned about 0.53% of Ero Copper worth $12,080,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ERO. Goehring & Rozencwajg Associates LLC increased its holdings in Ero Copper by 22.5% during 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 period. Old West Investment Management LLC raised its position in shares of Ero Copper by 100.0% in the third quarter. Old West Investment Management LLC now owns 160,000 shares of the company's stock worth $3,563,000 after buying an additional 80,000 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in Ero Copper during the second quarter valued at $2,521,000. Intact Investment Management Inc. purchased a new position in Ero Copper during the third quarter worth about $670,000. Finally, Mirabella Financial Services LLP boosted its position in shares of Ero Copper by 608.2% during the 3rd quarter. Mirabella Financial Services LLP now owns 143,252 shares of the company's stock valued at $3,189,000 after acquiring an additional 123,023 shares during the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on Ero Copper in a report on Monday. They issued a "buy" rating and a $19.00 price objective on the stock. Raymond James raised Ero Copper from a "market perform" rating to an "outperform" rating in a research report on Tuesday, September 3rd. StockNews.com raised Ero Copper from a "sell" rating to a "hold" rating in a research note on Friday, October 25th. Finally, Bank of America began coverage on Ero Copper in a research report on Tuesday, September 3rd. They issued a "buy" rating and a $28.00 price target for the company. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $26.33.

Ero Copper Stock Performance

NYSE ERO traded down $0.56 during trading hours on Friday, hitting $14.20. 289,044 shares of the company's stock traded hands, compared to its average volume of 338,039. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71. Ero Copper Corp. has a 52 week low of $12.59 and a 52 week high of $24.34. The firm has a market capitalization of $1.47 billion, a P/E ratio of 86.82 and a beta of 1.12. The business's fifty day moving average price is $18.24 and its two-hundred day moving average price is $19.81.

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.