Ero Copper Corp. (NYSE:ERO) Holdings Trimmed by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its holdings in Ero Copper Corp. (NYSE:ERO) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,267 shares of the company’s stock after selling 3,420 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Ero Copper were worth $1,098,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goehring & Rozencwajg Associates LLC grew its holdings in shares of Ero Copper by 22.5% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 340,008 shares of the company’s stock valued at $7,266,000 after acquiring an additional 62,500 shares in the last quarter. Old West Investment Management LLC boosted its position in Ero Copper by 100.0% during the third quarter. Old West Investment Management LLC now owns 160,000 shares of the company’s stock valued at $3,563,000 after purchasing an additional 80,000 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in Ero Copper in the second quarter valued at about $2,521,000. Intact Investment Management Inc. acquired a new position in Ero Copper in the 3rd quarter worth about $670,000. Finally, Van ECK Associates Corp increased its position in Ero Copper by 24.7% in the 2nd quarter. Van ECK Associates Corp now owns 132,893 shares of the company’s stock worth $2,841,000 after purchasing an additional 26,305 shares during the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.

Ero Copper Trading Down 1.3 %

ERO opened at $13.40 on Wednesday. The firm has a 50 day simple moving average of $17.00 and a 200 day simple moving average of $19.30. Ero Copper Corp. has a fifty-two week low of $13.07 and a fifty-two week high of $24.34. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 78.82 and a beta of 1.12. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45.

Wall Street Analyst Weigh In

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

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.