Shares of Ero Copper Corp. (NYSE:ERO – Get Free Report) have been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $30.00.
ERO has been the topic of several research analyst reports. Jefferies Financial Group raised shares of Ero Copper from a “hold” rating to a “buy” rating in a research report on Monday, August 5th. StockNews.com raised shares of Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday. Bank of America started coverage on shares of Ero Copper in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $28.00 target price on the stock. Ventum Cap Mkts upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. Finally, Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 3rd.
Read Our Latest Stock Analysis on ERO
Hedge Funds Weigh In On Ero Copper
Ero Copper Price Performance
Shares of NYSE ERO opened at $19.40 on Wednesday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 29.85 and a beta of 1.20. Ero Copper has a 52 week low of $11.35 and a 52 week high of $24.34. The company’s 50-day moving average price is $20.60 and its 200 day moving average price is $20.69. The company has a current ratio of 0.82, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59.
Ero Copper (NYSE:ERO – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. Ero Copper had a negative net margin of 4.79% and a positive return on equity of 9.89%. The company had revenue of $117.10 million for the quarter. During the same period in the prior year, the business earned $0.24 earnings per share. As a group, research analysts forecast that Ero Copper will post 1.51 earnings per share for the current fiscal year.
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.
Featured Stories
- Five stocks we like better than Ero Copper
- Transportation Stocks Investing
- Texas Roadhouse Stock Steering for New Highs This Year
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- What are earnings reports?
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Ero Copper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ero Copper and related companies with MarketBeat.com's FREE daily email newsletter.