UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.60 Million Stake in Ero Copper Corp. (NYSE:ERO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Ero Copper Corp. (NYSE:ERO) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,777 shares of the company’s stock after selling 5,766 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Ero Copper worth $2,601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ERO. Exchange Traded Concepts LLC bought a new position in Ero Copper in the 3rd quarter valued at approximately $38,000. Toronto Dominion Bank increased its holdings in Ero Copper by 38.7% in the second quarter. Toronto Dominion Bank now owns 2,539 shares of the company’s stock valued at $54,000 after purchasing an additional 709 shares during the period. Chesapeake Capital Corp IL bought a new position in Ero Copper during the 2nd quarter worth $351,000. Sentry Investment Management LLC acquired a new position in Ero Copper during the 3rd quarter worth about $457,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Ero Copper by 6.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,933 shares of the company’s stock worth $469,000 after acquiring an additional 1,277 shares during the last quarter. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ERO. StockNews.com raised shares of Ero Copper from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. The Goldman Sachs Group began coverage on Ero Copper in a research note on Monday, December 2nd. They issued a “buy” rating and a $19.00 price target on the stock. 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 price objective for the company. Finally, Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Ero Copper presently has a consensus rating of “Buy” and an average target price of $26.33.

Ero Copper Price Performance

Shares of NYSE ERO opened at $13.69 on Friday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 80.53 and a beta of 1.12. The stock has a fifty day simple moving average of $17.29 and a two-hundred day simple moving average of $19.45. 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 1-year low of $13.57 and a 1-year high of $24.34.

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.