Pinpoint Asset Management Ltd Has $944,000 Stock Holdings in Ero Copper Corp. (NYSE:ERO)

Pinpoint Asset Management Ltd grew its stake in shares of Ero Copper Corp. (NYSE:ERO) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,372 shares of the company’s stock after purchasing an additional 2,856 shares during the period. Pinpoint Asset Management Ltd’s holdings in Ero Copper were worth $944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ERO. FMR LLC increased its position in 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 increased its holdings in shares of Ero Copper by 4.3% during the third quarter. Jennison Associates LLC now owns 5,710,827 shares of the company’s stock valued at $127,149,000 after acquiring an additional 237,345 shares in the last quarter. Montrusco Bolton Investments Inc. raised its position in shares of Ero Copper by 17.2% during the third quarter. Montrusco Bolton Investments Inc. now owns 746,357 shares of the company’s stock worth $16,635,000 after purchasing an additional 109,633 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Ero Copper by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 464,047 shares of the company’s stock worth $9,922,000 after purchasing an additional 115,002 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its position in Ero Copper by 22.5% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 340,008 shares of the company’s stock valued at $7,266,000 after purchasing an additional 62,500 shares during the period. Institutional investors own 71.30% of the company’s stock.

Ero Copper Trading Up 0.3 %

Shares of ERO stock opened at $15.28 on Wednesday. Ero Copper Corp. has a 52-week low of $12.59 and a 52-week high of $24.34. The company has a 50-day simple moving average of $18.55 and a two-hundred day simple moving average of $19.89. 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 company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 89.88 and a beta of 1.12.

Wall Street Analyst Weigh In

Several research firms have weighed in on ERO. Bank of America initiated coverage on shares of Ero Copper in a report on Tuesday, September 3rd. They set a “buy” rating and a $28.00 price objective on the stock. Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 3rd. StockNews.com upgraded Ero Copper from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group assumed coverage on Ero Copper in a research note on Monday. They issued a “buy” rating and a $19.00 price objective for the company. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average 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.