Barclays PLC Grows Position in Ero Copper Corp. (NYSE:ERO)

Barclays PLC boosted its position in shares of Ero Copper Corp. (NYSE:ERO) by 64.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,987 shares of the company’s stock after acquiring an additional 13,309 shares during the period. Barclays PLC’s holdings in Ero Copper were worth $757,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Goehring & Rozencwajg Associates LLC increased its holdings in Ero Copper by 22.5% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 340,008 shares of the company’s stock valued at $7,266,000 after buying an additional 62,500 shares during the last quarter. Old West Investment Management LLC increased its holdings in shares of Ero Copper by 100.0% in the 3rd quarter. Old West Investment Management LLC now owns 160,000 shares of the company’s stock valued at $3,563,000 after acquiring an additional 80,000 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of Ero Copper in the 2nd quarter valued at about $2,521,000. Intact Investment Management Inc. acquired a new stake in shares of Ero Copper during the 3rd quarter worth about $670,000. Finally, Mirabella Financial Services LLP boosted its holdings in Ero Copper by 608.2% in the third quarter. Mirabella Financial Services LLP now owns 143,252 shares of the company’s stock valued at $3,189,000 after purchasing an additional 123,023 shares in the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

Ero Copper Stock Performance

NYSE ERO opened at $13.48 on Wednesday. The firm has a market cap of $1.39 billion, a P/E ratio of 79.29 and a beta of 1.12. Ero Copper Corp. has a 52-week low of $12.78 and a 52-week high of $24.34. The business’s 50-day moving average price is $15.65 and its 200 day moving average price is $18.82. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ERO. The Goldman Sachs Group started coverage on shares of Ero Copper in a report on Monday, December 2nd. They set a “buy” rating and a $19.00 price objective on the stock. StockNews.com raised shares of Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Raymond James raised Ero Copper from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 3rd. Finally, Bank of America initiated coverage on Ero Copper in a report on Tuesday, September 3rd. They issued a “buy” rating and a $28.00 target price for the company. One investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $26.33.

About Ero Copper

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.