Ero Copper (NYSE:ERO) Releases Quarterly Earnings Results

Ero Copper (NYSE:ERO) posted its quarterly earnings data on Thursday. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates 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%.

Ero Copper Stock Performance

Shares of NYSE:ERO opened at $12.42 on Friday. Ero Copper has a fifty-two week low of $11.11 and a fifty-two week high of $24.34. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 73.03 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 firm’s 50 day simple moving average is $13.52 and its 200 day simple moving average is $16.60.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ERO shares. TD Securities raised Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on Ero Copper in a report on Monday, December 2nd. They issued a “buy” rating and a $19.00 target price on the stock. Finally, TD Cowen upgraded Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. One investment 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $26.33.

About Ero Copper

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.