Ero Copper Corp. (NYSE:ERO) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in shares of Ero Copper Corp. (NYSE:ERO) by 64.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,987 shares of the company’s stock after purchasing an additional 13,309 shares during the period. Barclays PLC’s holdings in Ero Copper were worth $757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ERO. Toronto Dominion Bank grew its position in Ero Copper by 2,172.6% in the 3rd quarter. Toronto Dominion Bank now owns 57,702 shares of the company’s stock valued at $1,285,000 after buying an additional 55,163 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ero Copper by 16.1% in the third quarter. Geode Capital Management LLC now owns 46,940 shares of the company’s stock valued at $1,050,000 after acquiring an additional 6,521 shares in the last quarter. Impala Asset Management LLC increased its stake in shares of Ero Copper by 12.7% during the third quarter. Impala Asset Management LLC now owns 2,209,610 shares of the company’s stock valued at $49,208,000 after acquiring an additional 248,390 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Ero Copper during the third quarter worth approximately $654,000. Finally, National Bank of Canada FI lifted its position in Ero Copper by 13.6% in the third quarter. National Bank of Canada FI now owns 66,183 shares of the company’s stock worth $1,474,000 after purchasing an additional 7,912 shares during the period. 71.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ERO. StockNews.com upgraded Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group initiated coverage on shares of Ero Copper in a research report on Monday, December 2nd. They issued a “buy” rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $26.33.

Ero Copper Trading Up 1.6 %

Shares of NYSE ERO opened at $14.17 on Thursday. The business has a fifty day simple moving average of $14.62 and a 200-day simple moving average of $18.30. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 83.35 and a beta of 1.15. Ero Copper Corp. has a 12 month low of $12.78 and a 12 month high of $24.34. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71.

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.