Bridgewater Associates LP Has $3.65 Million Holdings in Ero Copper Corp. (NYSE:ERO)

Bridgewater Associates LP boosted its position in shares of Ero Copper Corp. (NYSE:ERO) by 15.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,585 shares of the company’s stock after buying an additional 22,163 shares during the period. Bridgewater Associates LP owned approximately 0.16% of Ero Copper worth $3,646,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Ero Copper by 1.8% during the 3rd quarter. FMR LLC now owns 11,869,851 shares of the company’s stock worth $264,262,000 after acquiring an additional 206,405 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Ero Copper by 8.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 335,845 shares of the company’s stock valued at $7,484,000 after purchasing an additional 26,898 shares during the last quarter. Mirabella Financial Services LLP raised its holdings in shares of Ero Copper by 608.2% during the 3rd quarter. Mirabella Financial Services LLP now owns 143,252 shares of the company’s stock worth $3,189,000 after buying an additional 123,023 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its position in shares of Ero Copper by 17.2% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 746,357 shares of the company’s stock worth $16,635,000 after buying an additional 109,633 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Ero Copper by 4.3% in the third quarter. Jennison Associates LLC now owns 5,710,827 shares of the company’s stock valued at $127,149,000 after buying an additional 237,345 shares in the last quarter. 71.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Bank of America assumed coverage on shares of Ero Copper in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $28.00 price objective for the company. Jefferies Financial Group raised shares of Ero Copper from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Finally, Raymond James upgraded Ero Copper from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $30.00.

Ero Copper Trading Down 0.3 %

Shares of NYSE ERO opened at $15.22 on Friday. The firm has a 50 day moving average price of $18.82 and a two-hundred day moving average price of $20.01. The stock has a market cap of $1.57 billion, a P/E ratio of 89.53 and a beta of 1.23. Ero Copper Corp. has a 52-week low of $11.96 and a 52-week high of $24.34. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68.

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.