Toronto Dominion Bank Buys 55,163 Shares of Ero Copper Corp. (NYSE:ERO)

Toronto Dominion Bank boosted its stake in shares of Ero Copper Corp. (NYSE:ERO) by 2,172.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,702 shares of the company’s stock after purchasing an additional 55,163 shares during the quarter. Toronto Dominion Bank owned about 0.06% of Ero Copper worth $1,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new stake in shares of Ero Copper in the 3rd quarter valued at about $38,000. Chesapeake Capital Corp IL acquired a new stake in Ero Copper in the second quarter valued at approximately $351,000. Sentry Investment Management LLC purchased a new position in Ero Copper in the third quarter worth $457,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 worth $469,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Ero Copper by 23.9% during the 3rd quarter. Janus Henderson Group PLC now owns 27,408 shares of the company’s stock valued at $600,000 after purchasing an additional 5,286 shares during the last quarter. Hedge funds and other institutional investors own 71.30% of the company’s stock.

Analysts Set New Price Targets

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

Ero Copper Price Performance

Shares of NYSE ERO opened at $13.58 on Tuesday. Ero Copper Corp. has a 52 week low of $13.52 and a 52 week high of $24.34. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.40 billion, a P/E ratio of 80.53 and a beta of 1.12. The business’s 50 day moving average price is $17.29 and its 200 day moving average price is $19.41.

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.