Ero Copper (NYSE:ERO) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

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

Ero Copper Trading Down 0.3 %

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

Analyst Ratings Changes

Several research firms recently weighed in on ERO. TD Securities upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 12th. TD Cowen raised Ero Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group began coverage on Ero Copper in a research note on Monday, December 2nd. They set a “buy” rating and a $19.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Ero Copper currently has an average 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.