Sentry Investment Management LLC Invests $457,000 in Ero Copper Corp. (NYSE:ERO)

Sentry Investment Management LLC purchased a new stake in shares of Ero Copper Corp. (NYSE:ERO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,528 shares of the company’s stock, valued at approximately $457,000.

Other large investors also recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new stake in shares of Ero Copper during the 3rd quarter worth about $38,000. Toronto Dominion Bank increased its position in shares of Ero Copper by 38.7% in the second quarter. Toronto Dominion Bank now owns 2,539 shares of the company’s stock worth $54,000 after acquiring an additional 709 shares in the last quarter. Chesapeake Capital Corp IL purchased a new position in shares of Ero Copper in the 2nd quarter valued at $351,000. Platinum Investment Management Ltd. lifted its holdings in shares of Ero Copper by 15.9% during the 1st quarter. Platinum Investment Management Ltd. now owns 18,738 shares of the company’s stock valued at $362,000 after acquiring an additional 2,564 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Ero Copper by 6.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,933 shares of the company’s stock worth $469,000 after purchasing an additional 1,277 shares during the period. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ERO. Jefferies Financial Group upgraded Ero Copper from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 3rd. Ventum Cap Mkts upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 22nd. StockNews.com raised shares of Ero Copper from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Bank of America initiated coverage on shares of Ero Copper in a report on Tuesday, September 3rd. They issued a “buy” rating and a $28.00 price objective on the stock. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Ero Copper has a consensus rating of “Buy” and an average target price of $30.00.

Ero Copper Trading Down 3.6 %

ERO stock opened at $17.79 on Tuesday. The firm has a 50 day simple moving average of $20.35 and a 200-day simple moving average of $20.61. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.82 and a quick ratio of 0.60. Ero Copper Corp. has a twelve month low of $11.35 and a twelve month high of $24.34.

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.