62,615 Shares in Ero Copper Corp. $ERO Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP bought a new stake of 62,615 shares in Ero Copper (NYSE:ERO) during Q3, valued at approximately $1.267 million, representing about 0.06% of the company.
• Other institutions also increased positions—most notably Kapitalo Investimentos which grew its stake by 86% to 1,076,696 shares—and institutional investors now own roughly 71.30% of the stock.
• Ero Copper trades around <$28.77> with a market cap of about $3.0 billion, a 52-week range of $9.30–$39.80, and an average analyst rating of "Moderate Buy" with a $32.50 average target price.

Quantbot Technologies LP bought a new stake in Ero Copper Corp. (NYSE:ERO - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 62,615 shares of the company's stock, valued at approximately $1,267,000. Quantbot Technologies LP owned approximately 0.06% of Ero Copper as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kapitalo Investimentos Ltda grew its stake in Ero Copper by 86.0% in the third quarter. Kapitalo Investimentos Ltda now owns 1,076,696 shares of the company's stock valued at $21,782,000 after purchasing an additional 497,978 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in shares of Ero Copper by 21.5% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,354,239 shares of the company's stock valued at $22,819,000 after buying an additional 239,935 shares during the last quarter. Boston Partners boosted its holdings in shares of Ero Copper by 37.5% in the 2nd quarter. Boston Partners now owns 889,154 shares of the company's stock valued at $14,979,000 after buying an additional 242,594 shares during the last quarter. Impala Asset Management LLC grew its stake in shares of Ero Copper by 3.0% in the second quarter. Impala Asset Management LLC now owns 1,699,100 shares of the company's stock valued at $28,494,000 after buying an additional 49,199 shares in the last quarter. Finally, Scotia Capital Inc. increased its holdings in Ero Copper by 12.3% during the second quarter. Scotia Capital Inc. now owns 303,008 shares of the company's stock worth $5,039,000 after buying an additional 33,146 shares during the last quarter. 71.30% of the stock is owned by institutional investors.

Ero Copper Stock Performance

ERO opened at $28.77 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.82. Ero Copper Corp. has a 52-week low of $9.30 and a 52-week high of $39.80. The firm has a market cap of $3.00 billion, a P/E ratio of 21.63 and a beta of 1.17. The business's fifty day moving average is $31.33 and its 200-day moving average is $24.36.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Loop Capital set a $32.00 price target on Ero Copper in a research report on Tuesday, December 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Ero Copper in a research note on Monday, December 29th. Jefferies Financial Group cut Ero Copper from a "buy" rating to a "hold" rating in a research note on Sunday, December 7th. Bank of America downgraded Ero Copper from a "buy" rating to a "neutral" rating in a report on Monday, February 9th. Finally, Wall Street Zen downgraded shares of Ero Copper from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.50.

Ero Copper Company Profile

Ero Copper Corp NYSE: ERO is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.

The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.

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