Sentry Investment Management LLC Raises Stock Holdings in Ero Copper Corp. (NYSE:ERO)

Sentry Investment Management LLC boosted its stake in shares of Ero Copper Corp. (NYSE:ERO) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,716 shares of the company’s stock after purchasing an additional 1,188 shares during the quarter. Sentry Investment Management LLC’s holdings in Ero Copper were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in ERO. FMR LLC boosted its holdings in shares of Ero Copper by 1.8% in the 3rd quarter. FMR LLC now owns 11,869,851 shares of the company’s stock valued at $264,262,000 after buying an additional 206,405 shares in the last quarter. Jennison Associates LLC lifted its position in Ero Copper by 3.5% during the fourth quarter. Jennison Associates LLC now owns 5,909,627 shares of the company’s stock valued at $79,645,000 after acquiring an additional 198,800 shares during the last quarter. Impala Asset Management LLC boosted 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 acquiring an additional 248,390 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its stake in Ero Copper by 3.9% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 775,356 shares of the company’s stock valued at $10,448,000 after acquiring an additional 28,999 shares in the last quarter. Finally, Temasek Holdings Private Ltd grew its holdings in Ero Copper by 41.2% in the third quarter. Temasek Holdings Private Ltd now owns 542,421 shares of the company’s stock worth $12,080,000 after purchasing an additional 158,294 shares during the last quarter. Institutional investors own 71.30% of the company’s stock.

Ero Copper Stock Performance

Shares of ERO opened at $12.78 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. The stock has a 50-day moving average of $13.71 and a two-hundred day moving average of $16.96. The stock has a market cap of $1.32 billion, a P/E ratio of 75.15 and a beta of 1.14. Ero Copper Corp. has a one year low of $12.59 and a one year high of $24.34.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ERO shares. TD Securities raised Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 12th. 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 for the company. Finally, TD Cowen upgraded Ero Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently 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.