Ero Copper (ERO) to Release Earnings on Tuesday

Ero Copper (NYSE:ERO) will announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.48 per share for the quarter.

Ero Copper (NYSE:ERO) last released its earnings results on Thursday, August 1st. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Ero Copper had a positive return on equity of 9.89% and a negative net margin of 4.79%. The company had revenue of $117.10 million during the quarter. During the same quarter in the previous year, the firm earned $0.24 EPS. On average, analysts expect Ero Copper to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Ero Copper Stock Down 0.4 %

Shares of NYSE ERO opened at $19.32 on Tuesday. The stock has a market capitalization of $2.00 billion, a P/E ratio of -101.68 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.82 and a quick ratio of 0.60. Ero Copper has a one year low of $11.35 and a one year high of $24.34. The firm’s 50 day simple moving average is $20.60 and its two-hundred day simple moving average is $20.68.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Raymond James raised shares of Ero Copper from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 3rd. Ventum Cap Mkts upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. Jefferies Financial Group raised Ero Copper from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Bank of America initiated coverage on shares of Ero Copper in a report on Tuesday, September 3rd. They set a “buy” rating and a $28.00 price target for the company. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Ero Copper currently has an average rating of “Buy” and an average price target of $30.00.

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.