Toronto Dominion Bank Purchases 55,163 Shares of Ero Copper Corp. (NYSE:ERO)

Toronto Dominion Bank increased its position in shares of Ero Copper Corp. (NYSE:ERO - Free Report) by 2,172.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,702 shares of the company's stock after buying an additional 55,163 shares during the period. Toronto Dominion Bank owned 0.06% of Ero Copper worth $1,285,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ERO. Goehring & Rozencwajg Associates LLC grew its position in Ero Copper by 22.5% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 340,008 shares of the company's stock worth $7,266,000 after purchasing an additional 62,500 shares during the last quarter. Old West Investment Management LLC lifted its stake 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 valued at $3,563,000 after buying an additional 80,000 shares during the period. Impala Asset Management LLC grew its position in Ero Copper by 12.7% during the third quarter. Impala Asset Management LLC now owns 2,209,610 shares of the company's stock worth $49,208,000 after buying an additional 248,390 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in Ero Copper during the second quarter valued at about $2,521,000. Finally, Intact Investment Management Inc. acquired a new position in Ero Copper in the 3rd quarter valued at approximately $670,000. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ERO has been the subject of a number of recent research reports. Raymond James upgraded Ero Copper from a "market perform" rating to an "outperform" rating in a research note on Tuesday, September 3rd. StockNews.com raised shares of Ero Copper from a "sell" rating to a "hold" rating in a report on Friday, October 25th. Bank of America began coverage on shares of Ero Copper in a research report on Tuesday, September 3rd. They set a "buy" rating and a $28.00 target price on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Ero Copper in a research report on Monday, December 2nd. They issued a "buy" rating and a $19.00 price target for the company. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $26.33.

Ero Copper Price Performance

ERO stock traded down $0.17 during trading on Tuesday, hitting $13.40. 502,720 shares of the stock traded hands, compared to its average volume of 341,752. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 79.85 and a beta of 1.12. Ero Copper Corp. has a one year low of $13.07 and a one year high of $24.34. The company has a 50 day simple moving average of $17.14 and a 200 day simple moving average of $19.36.

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.