Janus Henderson Group PLC Has $600,000 Stock Holdings in Ero Copper Corp. (NYSE:ERO)

Janus Henderson Group PLC increased its stake in Ero Copper Corp. (NYSE:ERO) by 23.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,408 shares of the company’s stock after purchasing an additional 5,286 shares during the quarter. Janus Henderson Group PLC’s holdings in Ero Copper were worth $600,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Goehring & Rozencwajg Associates LLC increased its position in shares of Ero Copper by 22.5% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 340,008 shares of the company’s stock worth $7,266,000 after acquiring an additional 62,500 shares in the last quarter. Old West Investment Management LLC boosted its stake in Ero Copper by 100.0% in the 3rd quarter. Old West Investment Management LLC now owns 160,000 shares of the company’s stock worth $3,563,000 after purchasing an additional 80,000 shares during the period. Lighthouse Investment Partners LLC purchased a new position in Ero Copper during the 2nd quarter worth approximately $2,521,000. Intact Investment Management Inc. acquired a new stake in Ero Copper during the 3rd quarter valued at $670,000. Finally, Mirabella Financial Services LLP lifted its holdings in shares of Ero Copper by 608.2% in the third quarter. Mirabella Financial Services LLP now owns 143,252 shares of the company’s stock valued at $3,189,000 after purchasing an additional 123,023 shares in the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.

Analysts Set New Price Targets

ERO has been the topic of several recent analyst reports. Raymond James raised Ero Copper from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 3rd. StockNews.com upgraded Ero Copper from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Bank of America started coverage on shares of Ero Copper in a report on Tuesday, September 3rd. They set a “buy” rating and a $28.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Ero Copper in a research note on Monday, December 2nd. They issued a “buy” rating and a $19.00 price objective on the stock. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $26.33.

Ero Copper Price Performance

Shares of ERO opened at $13.69 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. The firm has a market cap of $1.41 billion, a PE ratio of 80.53 and a beta of 1.12. The firm’s 50 day moving average price is $17.29 and its 200 day moving average price is $19.45. Ero Copper Corp. has a twelve month low of $13.57 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.