Ero Copper Corp. (NYSE:ERO – Get Free Report) has received an average rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $24.00.
A number of equities research analysts recently weighed in on ERO shares. Pi Financial raised shares of Ero Copper from a “neutral” rating to a “buy” rating in a research note on Thursday, April 18th. TheStreet raised shares of Ero Copper from a “c” rating to a “b-” rating in a research note on Friday, March 8th. StockNews.com raised shares of Ero Copper from a “sell” rating to a “hold” rating in a research note on Friday. Ventum Cap Mkts downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Finally, Scotiabank raised shares of Ero Copper from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, May 30th.
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Ero Copper Trading Down 2.4 %
Shares of Ero Copper stock opened at $20.52 on Thursday. Ero Copper has a 12-month low of $11.35 and a 12-month high of $24.38. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 31.57 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $20.98 and its 200-day moving average price is $18.23.
Ero Copper (NYSE:ERO – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.11. The firm had revenue of $105.80 million for the quarter, compared to the consensus estimate of $104.40 million. Ero Copper had a net margin of 14.23% and a return on equity of 10.68%. On average, equities analysts expect that Ero Copper will post 1.7 earnings per share for the current fiscal year.
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.
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