FIL 13F: Cuts Ero Copper (ERO) Stake by $37M

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.

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 10.9%

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.

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.