Ero Copper (TSE:ERO - Get Free Report) is set to issue its quarterly earnings data after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of C$0.65 per share for the quarter.
Ero Copper (TSE:ERO - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.25 EPS for the quarter, beating the consensus estimate of C$0.23 by C$0.02. Ero Copper had a negative return on equity of 3.08% and a negative net margin of 4.79%. The firm had revenue of C$160.22 million during the quarter, compared to the consensus estimate of C$154.50 million.
Ero Copper Price Performance
TSE ERO traded up C$0.01 during mid-day trading on Tuesday, hitting C$26.84. The stock had a trading volume of 196,094 shares, compared to its average volume of 292,590. The firm's 50 day moving average is C$28.01 and its 200 day moving average is C$28.30. Ero Copper has a twelve month low of C$15.72 and a twelve month high of C$32.89. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. The stock has a market capitalization of C$2.77 billion, a price-to-earnings ratio of -103.19, a PEG ratio of -0.72 and a beta of 1.98.
Analyst Ratings Changes
ERO has been the subject of several analyst reports. BMO Capital Markets upped their target price on Ero Copper from C$41.00 to C$43.00 in a report on Tuesday, July 23rd. Jefferies Financial Group dropped their target price on Ero Copper from C$35.00 to C$34.00 and set a "buy" rating for the company in a report on Thursday, October 17th. Ventum Cap Mkts upgraded Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Monday, July 22nd. Eight Capital increased their price target on Ero Copper from C$30.00 to C$40.00 in a report on Thursday, July 11th. Finally, Canaccord Genuity Group increased their price target on Ero Copper from C$39.00 to C$40.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ero Copper currently has a consensus rating of "Moderate Buy" and an average target price of C$33.96.
View Our Latest Research Report on ERO
About Ero Copper
(
Get Free Report)
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.
Read More
Before you consider Ero Copper, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ero Copper wasn't on the list.
While Ero Copper currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
