UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in Ero Copper Corp. (NYSE:ERO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Ero Copper Corp. (NYSE:ERO) by 4.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 116,777 shares of the company’s stock after selling 5,766 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ero Copper were worth $2,601,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ERO. Exchange Traded Concepts LLC purchased a new stake in Ero Copper during the 3rd quarter valued at about $38,000. Toronto Dominion Bank boosted its position in Ero Copper by 38.7% during the 2nd quarter. Toronto Dominion Bank now owns 2,539 shares of the company’s stock valued at $54,000 after buying an additional 709 shares during the period. Chesapeake Capital Corp IL purchased a new stake in Ero Copper during the 2nd quarter valued at $351,000. Sentry Investment Management LLC bought a new position in shares of Ero Copper during the third quarter valued at about $457,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ero Copper by 6.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,933 shares of the company’s stock valued at $469,000 after acquiring an additional 1,277 shares during the last quarter. Hedge funds and other institutional investors own 71.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ERO. The Goldman Sachs Group initiated coverage on Ero Copper in a report on Monday, December 2nd. They set a “buy” rating and a $19.00 price target on the stock. Raymond James raised Ero Copper from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 3rd. 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 target on the stock. Finally, StockNews.com raised shares of Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $26.33.

Ero Copper Stock Down 4.5 %

NYSE:ERO opened at $13.69 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. The firm’s 50-day moving average price is $17.29 and its 200-day moving average price is $19.45. The company has a market capitalization of $1.41 billion, a PE ratio of 80.53 and a beta of 1.12. Ero Copper Corp. has a 1-year low of $13.57 and a 1-year 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.