Mirabella Financial Services LLP Has $3.19 Million Holdings in Ero Copper Corp. (NYSE:ERO)

Mirabella Financial Services LLP raised its stake in shares of Ero Copper Corp. (NYSE:ERO) by 608.2% in the third quarter, Holdings Channel.com reports. The firm owned 143,252 shares of the company’s stock after buying an additional 123,023 shares during the period. Mirabella Financial Services LLP’s holdings in Ero Copper were worth $3,189,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ERO. Toronto Dominion Bank grew its holdings in Ero Copper by 38.7% during the second quarter. Toronto Dominion Bank now owns 2,539 shares of the company’s stock worth $54,000 after buying an additional 709 shares in the last quarter. National Bank of Canada FI boosted its holdings in Ero Copper by 1.4% during the 2nd quarter. National Bank of Canada FI now owns 58,271 shares of the company’s stock worth $1,238,000 after acquiring an additional 793 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Ero Copper by 6.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,933 shares of the company’s stock worth $469,000 after acquiring an additional 1,277 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Ero Copper in the 3rd quarter worth $38,000. Finally, CIBC Asset Management Inc raised its holdings in shares of Ero Copper by 3.3% in the third quarter. CIBC Asset Management Inc now owns 117,832 shares of the company’s stock valued at $2,624,000 after purchasing an additional 3,746 shares during the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

Ero Copper Price Performance

Shares of NYSE ERO opened at $15.61 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71. The stock has a fifty day simple moving average of $19.37 and a two-hundred day simple moving average of $20.22. Ero Copper Corp. has a 1-year low of $11.96 and a 1-year high of $24.34. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 91.82 and a beta of 1.23.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ERO shares. Bank of America began coverage on Ero Copper in a research note 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 research report on Monday, August 5th. StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Raymond James raised shares of Ero Copper from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target 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.