Old West Investment Management LLC Has $3.56 Million Stock Position in Ero Copper Corp. (NYSE:ERO)

Old West Investment Management LLC boosted its holdings in shares of Ero Copper Corp. (NYSE:ERO) by 100.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,000 shares of the company’s stock after buying an additional 80,000 shares during the quarter. Ero Copper makes up approximately 1.3% of Old West Investment Management LLC’s investment portfolio, making the stock its 25th largest position. Old West Investment Management LLC owned approximately 0.15% of Ero Copper worth $3,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ERO. Toronto Dominion Bank boosted its holdings in shares of Ero Copper by 38.7% during the 2nd quarter. Toronto Dominion Bank now owns 2,539 shares of the company’s stock worth $54,000 after buying an additional 709 shares during the period. National Bank of Canada FI boosted its holdings in shares of Ero Copper by 1.4% during the second quarter. National Bank of Canada FI now owns 58,271 shares of the company’s stock worth $1,238,000 after acquiring an additional 793 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Ero Copper by 6.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,933 shares of the company’s stock valued at $469,000 after purchasing an additional 1,277 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Ero Copper during the third quarter worth approximately $38,000. Finally, Platinum Investment Management Ltd. lifted its holdings in Ero Copper by 15.9% during the 1st quarter. Platinum Investment Management Ltd. now owns 18,738 shares of the company’s stock worth $362,000 after purchasing an additional 2,564 shares during the last quarter. Institutional investors own 71.30% of the company’s stock.

Ero Copper Price Performance

ERO stock opened at $18.63 on Wednesday. The company’s 50-day moving average price is $20.29 and its two-hundred day moving average price is $20.59. Ero Copper Corp. has a 12 month low of $11.35 and a 12 month high of $24.34. The company has a quick ratio of 0.60, a current ratio of 0.82 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1.92 billion, a P/E ratio of -98.05 and a beta of 1.23.

Analysts Set New Price Targets

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

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.