FIL Reduces $37M in Ero Copper Corp. ($ERO)
FIL trimmed its position in ERO by 10.3%, now holding over 10.4 million shares.
Key Points
- FIL reduced its stake in ERO by 1,204,205 shares, a 10.3% decrease, holding 10,466,217 shares as of the latest filing.
- ERO shares traded around $30.45 on Wednesday with a market value of $318.7 million.
- Goldman Sachs recently downgraded ERO to a hold rating with a $31 price target.
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FIL has trimmed its stake in ERO, according to the latest Form 13F filing with the SEC. The fund cut its holdings by 1,204,205 shares, a 10.3% decrease, leaving it with 10,466,217 shares valued at approximately $318.7 million. This filing reflects FIL's position as of the end of the reporting period and may not represent its current holdings.
FIL vs. the S&P 500
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What Changed in FIL's ERO Position
FIL reduced its position in ERO by selling 1,204,205 shares, which marks a 10.3% decrease in its holdings. The fund now holds 10,466,217 shares valued at about $318.7 million. This adjustment shows a strategic move by FIL to rebalance its portfolio.
Other Institutional Activity in ERO
Other institutional investors also made notable changes to their ERO holdings. FMR LLC decreased its position by 2,325,735 shares, a 19.5% reduction, ending with 9,589,099 shares worth approximately $255.5 million. In contrast, Invesco Ltd. increased its stake significantly by 2,057,487 shares, a 72.8% jump, bringing its total to 4,884,872 shares valued at about $130.3 million. Mirae Asset Global ETFs Holdings Ltd. also boosted its holdings by 1,273,099 shares, a 41.4% increase, totaling 4,345,630 shares worth $115.4 million. Vanguard Capital Management LLC opened a new position with 2,748,979 shares, valued at $73.3 million.
Ero Copper Corp. Stock Down 21.6%
Shares of ERO traded near $30.45 on Wednesday. The company has a market value of approximately $318.7 million. Investors are closely watching the stock's performance, especially in light of recent institutional activity and analyst ratings.
$ERO stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On April 14, 2026, Goldman Sachs downgraded ERO to a hold rating with a price target of $31. This follows a series of ratings from other firms, including Freedom Capital Markets, which initiated coverage with a buy rating and a $32 target on December 30, 2025. The consensus rating is mixed, with a range of price targets reflecting different outlooks.
About ERO
ERO is a company involved in [describe the sector/industry based on fundamentals data, if available]. The firm operates [describe operations if known] and is headquartered in [location if known]. It is led by CEO [CEO name if available] and employs [number of employees if available] individuals.
Bottom Line
FIL's decision to reduce its stake in ERO by over 1.2 million shares is a significant move that investors are watching closely. This adjustment, captured in the backward-looking 13F filing, highlights the dynamic nature of institutional investing. With recent analyst ratings and institutional changes, ERO remains a stock of interest for market participants.
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