Charles Schwab Investment Management Inc. Sells 3,420 Shares of Ero Copper Corp. (NYSE:ERO)

Charles Schwab Investment Management Inc. lowered its holdings in Ero Copper Corp. (NYSE:ERO) by 6.5% in the third quarter, Holdings Channel reports. The firm owned 49,267 shares of the company’s stock after selling 3,420 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Ero Copper were worth $1,098,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new position in shares of Ero Copper during the 3rd quarter worth about $38,000. Toronto Dominion Bank boosted its position in Ero Copper by 38.7% during 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 during the last quarter. Chesapeake Capital Corp IL acquired a new position in Ero Copper during the second quarter valued at approximately $351,000. Sentry Investment Management LLC bought a new position in Ero Copper in the third quarter valued at approximately $457,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 purchasing an additional 1,277 shares during the last quarter. Institutional investors own 71.30% of the company’s stock.

Ero Copper Price Performance

Ero Copper stock opened at $13.40 on Wednesday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 78.82 and a beta of 1.12. The stock’s 50 day moving average is $17.00 and its 200-day moving average is $19.30. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71. Ero Copper Corp. has a 12 month low of $13.07 and a 12 month high of $24.34.

Analyst Ratings Changes

Several equities analysts recently weighed in on ERO shares. The Goldman Sachs Group began coverage on shares of Ero Copper in a research note on Monday, December 2nd. They issued a “buy” rating and a $19.00 target price for the company. Raymond James upgraded shares of 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 research note on Tuesday, September 3rd. They issued a “buy” rating and a $28.00 target price for the company. Finally, StockNews.com raised 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 company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $26.33.

About Ero Copper

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.