Sentry Investment Management LLC Increases Stake in Ero Copper Corp. (NYSE:ERO)

Sentry Investment Management LLC increased its position in shares of Ero Copper Corp. (NYSE:ERO) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,716 shares of the company’s stock after purchasing an additional 1,188 shares during the period. Sentry Investment Management LLC’s holdings in Ero Copper were worth $293,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new position in shares of Ero Copper during the fourth quarter valued at approximately $78,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Ero Copper during the 4th quarter worth approximately $125,000. Canoe Financial LP purchased a new position in Ero Copper during the 4th quarter valued at $456,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Ero Copper by 6.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,408 shares of the company’s stock valued at $522,000 after acquiring an additional 1,475 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Ero Copper by 23.9% in the 3rd quarter. Janus Henderson Group PLC now owns 27,408 shares of the company’s stock valued at $600,000 after acquiring an additional 5,286 shares during the last quarter. 71.30% of the stock is currently owned by institutional investors.

Ero Copper Stock Down 1.3 %

Shares of Ero Copper stock opened at $12.78 on Wednesday. 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 stock has a market cap of $1.32 billion, a price-to-earnings ratio of 75.15 and a beta of 1.14. The firm’s 50-day moving average is $13.71 and its two-hundred day moving average is $16.96. Ero Copper Corp. has a 1 year low of $12.59 and a 1 year high of $24.34.

Analyst Ratings Changes

ERO has been the subject of a number of recent analyst reports. TD Cowen raised shares of Ero Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. TD Securities upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group assumed 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 on the stock. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $26.33.

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.