Ero Copper (NYSE:ERO) Issues Quarterly Earnings Results

Ero Copper (NYSE:ERO) released its quarterly earnings data on Thursday. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04), Zacks reports. The business had revenue of $122.50 million for the quarter, compared to analysts’ expectations of $183.26 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%.

Ero Copper Trading Down 0.3 %

Shares of ERO opened at $12.30 on Friday. The business’s 50-day moving average price is $13.50 and its 200-day moving average price is $16.55. Ero Copper has a twelve month low of $11.11 and a twelve month high of $24.34. The stock has a market cap of $1.27 billion, a PE ratio of 72.37 and a beta of 1.17. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ERO shares. TD Securities raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 12th. TD Cowen raised shares of Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group assumed coverage on shares of Ero Copper in a report on Monday, December 2nd. They set a “buy” rating and a $19.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Ero Copper presently has a consensus rating of “Buy” and an average price target of $26.33.

Ero Copper Company 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.