2 weeks Ago By ABMN Staff
HBK Sorce Advisory LLC lessened its holdings in shares of Ero Copper Corp. ( NYSE:ERO – Free Report ) by 8.2% in the second quarter, according to its most recent filing with the SEC.
The firm owned 9,495 shares of the company’s stock after selling 845 shares during the period. HBK Sorce Advisory LLC’s holdings in Ero Copper were worth $203,000 as of its most recent filing with the SEC. Other institutional investors and hedge funds also recently made changes to their positions in the company.
Jennison Associates LLC increased its holdings in Ero Copper by 39.0% in the first quarter. Jennison Associates LLC now owns 3,998,246 shares of the company’s stock valued at $77,117,000 after purchasing an additional 1,121,095 shares during the last quarter.
Boston Partners increased its stake in shares of Ero Copper by 226.9% in the 1st quarter. Boston Partners now owns 726,068 shares of the company’s stock valued at $14,010,000 after acquiring an additional 503,972 shares during the last quarter.
Scotia Capital Inc. raised its position in shares of Ero Copper by 290.6% in the 4th quarter.
Scotia Capital Inc. now owns 292,968 shares of the company’s stock valued at $4,617,000 after acquiring an additional 217,968 shares during the period. TD Asset Management Inc boosted its stake in Ero Copper by 48.
7% during the 4th quarter. TD Asset Management Inc now owns 595,283 shares of the company’s stock worth $9,458,000 after acquiring an additional 194,976 shares during the last quarter. Finally, Franklin Resources Inc.
grew its holdings in Ero Copper by 81.4% during the fourth quarter. Franklin Resources Inc.
now owns 351,800 shares of the company’s stock valued at $5,562,000 after purchasing an additional 157,900 shares during the period. Institutional investors own 71.30% of the company’s stock.
Ero Copper Stock Up 2.7 % ERO stock opened at $21.17 on Monday.
The business has a 50-day moving average of $20.00 and a 200-day moving average of $20.25.
Ero Copper Corp. has a fifty-two week low of $11.35 and a fifty-two week high of $24.
34. The stock has a market capitalization of $2.19 billion, a P/E ratio of 32.
57 and a beta of 1.19. The company has a debt-to-equity ratio of 0.
59, a current ratio of 0.82 and a quick ratio of 0.60.
Wall Street Analyst Weigh In ERO has been the topic of a number of recent analyst reports. Bank of America assumed coverage on shares of Ero Copper in a research report on Tuesday, September 3rd. They set a “buy” rating and a $28.
00 price target on the stock. Raymond James raised Ero Copper from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 3rd. Scotiabank raised Ero Copper from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, May 30th.
Jefferies Financial Group upgraded Ero Copper from a “hold” rating to a “buy” rating in a research report on Monday, August 5th. Finally, StockNews.com downgraded shares of Ero Copper from a “hold” rating to a “sell” rating in a report on Friday, July 19th.
One equities research analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.
Get Our Latest Report on ERO About Ero Copper ( Free Report ) 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.
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