Sentry Investment Management LLC Acquires Shares of 20,528 Ero Copper Corp. (NYSE:ERO)

Sentry Investment Management LLC purchased a new stake in shares of Ero Copper Corp. (NYSE:ERO) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 20,528 shares of the company’s stock, valued at approximately $457,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Intact Investment Management Inc. bought a new stake in shares of Ero Copper during the 3rd quarter valued at about $670,000. Van ECK Associates Corp raised its position in shares of Ero Copper by 3.1% during the 3rd quarter. Van ECK Associates Corp now owns 136,990 shares of the company’s stock worth $3,051,000 after purchasing an additional 4,097 shares during the period. Exchange Traded Concepts LLC acquired a new position in Ero Copper during the 3rd quarter valued at approximately $38,000. Lighthouse Investment Partners LLC bought a new position in Ero Copper during the 2nd quarter worth $2,521,000. Finally, Decade Renewable Partners LP acquired a new stake in Ero Copper in the second quarter worth $1,436,000. Institutional investors and hedge funds own 71.30% of the company’s stock.

Ero Copper Stock Performance

Ero Copper stock opened at $17.79 on Tuesday. The company has a 50 day moving average price of $20.35 and a 200 day moving average price of $20.61. The company has a quick ratio of 0.60, a current ratio of 0.82 and a debt-to-equity ratio of 0.59. Ero Copper Corp. has a 52 week low of $11.35 and a 52 week high of $24.34.

Wall Street Analysts Forecast Growth

ERO has been the subject of several recent research reports. Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 3rd. Ventum Cap Mkts raised Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. Bank of America began coverage on Ero Copper in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $28.00 target price on the stock. Jefferies Financial Group raised Ero Copper from a “hold” rating to a “buy” rating in a report on Monday, August 5th. Finally, StockNews.com raised shares of Ero Copper from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $30.00.

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.