Ero Copper (NYSE:ERO) Releases Earnings Results, Beats Estimates By $0.17 EPS

Ero Copper (NYSE:ERO – Get Free Report) released its quarterly earnings data on Monday. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.17, Zacks reports. The company had revenue of $348.00 million for the quarter, compared to the consensus estimate of $342.91 million. Ero Copper had a return on equity of 30.32% and a net margin of 29.79%.

Ero Copper Trading Up 0.0%

NYSE:ERO opened at $29.06 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $35.27 and a two-hundred day simple moving average of $30.68. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.29 and a beta of 1.27. Ero Copper has a 12 month low of $19.09 and a 12 month high of $40.83.

Wall Street Analysts Forecast Growth

ERO has been the subject of a number of recent research reports. Wall Street Zen cut Ero Copper from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Ero Copper in a research note on Wednesday, September 23rd. Jefferies Financial Group restated a “hold” rating on shares of Ero Copper in a report on Monday, July 6th. Weiss Ratings downgraded shares of Ero Copper from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 28th. Finally, TD Securities reiterated a “hold” rating on shares of Ero Copper in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.33.

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About Ero Copper

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Ero Copper Corp. is a Canadian-based mining company focused on the exploration, development and production of copper and associated minerals. Its shares trade under the symbol ERO on the New York Stock Exchange and the Toronto Stock Exchange.

The company’s principal assets are in Brazil. Its Caraíba Operations in the state of Bahia include underground and open-pit copper mines, processing facilities and related infrastructure. Ero Copper also operates the Tucumã copper mine in the state of Pará, while advancing additional exploration and development opportunities in Brazil.

Ero Copper was established in 2016 and has built its business around operating and expanding its Brazilian mining portfolio.

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Earnings History for Ero Copper (NYSE:ERO)

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