Ero Copper Corp. (NYSE:ERO) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in shares of Ero Copper Corp. (NYSE:ERO) by 8.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 335,845 shares of the company’s stock after acquiring an additional 26,898 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.33% of Ero Copper worth $7,484,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new position in Ero Copper in the 3rd quarter valued at $38,000. Toronto Dominion Bank grew 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 valued at $54,000 after purchasing an additional 709 shares in the last quarter. Chesapeake Capital Corp IL acquired a new stake in shares of Ero Copper in the second quarter valued at approximately $351,000. Sentry Investment Management LLC purchased a new position in Ero Copper during the third quarter worth approximately $457,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 acquiring an additional 1,277 shares during the period. Hedge funds and other institutional investors own 71.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ERO shares. Bank of America initiated coverage on shares of Ero Copper in a research note on Tuesday, September 3rd. They set a “buy” rating and a $28.00 target price on the stock. StockNews.com upgraded shares of Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group assumed coverage on Ero Copper in a research note on Monday. They set a “buy” rating and a $19.00 price target on the stock. Finally, Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 3rd. One research 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $26.33.

Ero Copper Stock Down 3.2 %

ERO stock opened at $14.82 on Thursday. The company’s 50 day moving average is $18.41 and its two-hundred day moving average is $19.85. Ero Copper Corp. has a twelve month low of $12.59 and a twelve month high of $24.34. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.53 billion, a P/E ratio of 87.15 and a beta of 1.12.

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.