Ero Copper (ERO) Scheduled to Post Earnings on Tuesday

Ero Copper (TSE:ERO) will be releasing its earnings data after the market closes on Tuesday, November 5th. Analysts expect Ero Copper to post earnings of C$0.65 per share for the quarter.

Ero Copper (TSE:ERO) last posted its earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of C$154.50 million.

Ero Copper Price Performance

ERO opened at C$26.83 on Tuesday. The stock’s 50-day moving average price is C$28.02 and its 200 day moving average price is C$28.31. Ero Copper has a 12-month low of C$15.72 and a 12-month high of C$32.89. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. The firm has a market cap 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Scotiabank upped their price target on Ero Copper from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Raymond James upgraded Ero Copper from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$34.00 to C$36.00 in a report on Tuesday, September 3rd. National Bankshares cut their price target on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating on the stock in a report on Tuesday, October 15th. TD Securities cut their price target on Ero Copper from C$31.00 to C$30.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Finally, Ventum Cap Mkts upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$33.96.

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.