Geode Capital Management LLC Acquires 6,521 Shares of Ero Copper Corp. (NYSE:ERO)

Geode Capital Management LLC increased its holdings in Ero Copper Corp. (NYSE:ERO) by 16.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,940 shares of the company’s stock after purchasing an additional 6,521 shares during the quarter. Geode Capital Management LLC’s holdings in Ero Copper were worth $1,050,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ERO. Goehring & Rozencwajg Associates LLC grew its holdings in Ero Copper by 22.5% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 340,008 shares of the company’s stock worth $7,266,000 after acquiring an additional 62,500 shares during the period. Old West Investment Management LLC increased its holdings in Ero Copper by 100.0% in the third quarter. Old West Investment Management LLC now owns 160,000 shares of the company’s stock worth $3,563,000 after purchasing an additional 80,000 shares in the last quarter. Impala Asset Management LLC lifted its stake in Ero Copper by 12.7% in the third quarter. Impala Asset Management LLC now owns 2,209,610 shares of the company’s stock valued at $49,208,000 after buying an additional 248,390 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in shares of Ero Copper during the 2nd quarter worth approximately $2,521,000. Finally, Intact Investment Management Inc. bought a new stake in shares of Ero Copper in the 3rd quarter valued at $670,000. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. The Goldman Sachs Group initiated coverage on shares of Ero Copper in a report on Monday, December 2nd. They issued a “buy” rating and a $19.00 price target for the company. StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $26.33.

Ero Copper Price Performance

Ero Copper stock opened at $14.31 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. Ero Copper Corp. has a one year low of $12.78 and a one year high of $24.34. The firm has a market capitalization of $1.48 billion, a P/E ratio of 84.18 and a beta of 1.12. The business has a fifty day moving average price of $14.92 and a 200-day moving average price of $18.53.

Ero Copper 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.