Temasek Holdings Private Ltd Buys 158,294 Shares of Ero Copper Corp. (NYSE:ERO)

Temasek Holdings Private Ltd increased its stake in Ero Copper Corp. (NYSE:ERO) by 41.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 542,421 shares of the company’s stock after acquiring an additional 158,294 shares during the period. Temasek Holdings Private Ltd’s holdings in Ero Copper were worth $12,080,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Pinpoint Asset Management Ltd raised its position in shares of Ero Copper by 7.2% during the 3rd quarter. Pinpoint Asset Management Ltd now owns 42,372 shares of the company’s stock valued at $944,000 after acquiring an additional 2,856 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Ero Copper during the 3rd quarter valued at $611,000. Janus Henderson Group PLC raised its position in shares of Ero Copper by 23.9% during the 3rd quarter. Janus Henderson Group PLC now owns 27,408 shares of the company’s stock valued at $600,000 after acquiring an additional 5,286 shares during the last quarter. Maverick Capital Ltd. bought a new stake in shares of Ero Copper during the 3rd quarter valued at $1,973,000. Finally, PDT Partners LLC bought a new stake in shares of Ero Copper during the 3rd quarter valued at $1,565,000. Institutional investors own 71.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Bank of America assumed coverage on shares of Ero Copper in a research report on Tuesday, September 3rd. They set a “buy” rating and a $28.00 target price for the company. Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 3rd. StockNews.com upgraded shares of Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group started coverage on shares of Ero Copper in a research report on Monday. They issued a “buy” rating and a $19.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Ero Copper presently has an average rating of “Buy” and a consensus target price of $26.33.

Ero Copper Price Performance

ERO opened at $14.76 on Friday. 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 Corp. has a 12 month low of $12.59 and a 12 month high of $24.34. The company has a fifty day simple moving average of $18.24 and a 200 day simple moving average of $19.81. The stock has a market cap of $1.52 billion, a P/E ratio of 86.82 and a beta of 1.12.

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.