Ero Copper (NYSE:ERO) Issues Quarterly Earnings Results

Ero Copper (NYSE:ERO - Get Free Report) issued its quarterly earnings results 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. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. The business had revenue of $122.50 million during the quarter, compared to analyst estimates of $183.26 million.

Ero Copper Trading Down 3.8 %

ERO traded down $0.47 on Monday, reaching $11.82. 640,312 shares of the company's stock were exchanged, compared to its average volume of 377,991. Ero Copper has a twelve month low of $11.11 and a twelve month high of $24.34. The company's 50 day moving average is $13.50 and its 200-day moving average is $16.49. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 69.50 and a beta of 1.17.

Analyst Ratings Changes

Several research firms recently commented on ERO. TD Cowen upgraded Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group started coverage on shares of Ero Copper in a research note on Monday, December 2nd. They set a "buy" rating and a $19.00 price objective for the company. Finally, TD Securities raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 12th. 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's stock. According to data from MarketBeat, Ero Copper currently has an average rating of "Buy" and an average price target of $26.33.

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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.