Ero Copper (ERO) Scheduled to Post Quarterly Earnings on Tuesday

Ero Copper (TSE:ERO) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Ero Copper to post earnings of C$0.14 per share for the quarter.

Ero Copper (TSE:ERO) last announced its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.31 by C($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. The firm had revenue of C$158.50 million for the quarter, compared to analyst estimates of C$143.80 million.

Ero Copper Stock Up 2.2 %

ERO stock opened at C$28.81 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.15 and a debt-to-equity ratio of 55.09. The firm’s 50-day simple moving average is C$25.57 and its 200 day simple moving average is C$21.69. The stock has a market cap of C$2.96 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of -0.72 and a beta of 2.14. Ero Copper has a fifty-two week low of C$15.72 and a fifty-two week high of C$32.12.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ERO. National Bankshares lifted their price target on Ero Copper from C$22.50 to C$24.00 and gave the company a “sector perform” rating in a report on Thursday, February 22nd. TD Securities boosted their price target on Ero Copper from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research report on Friday, March 8th. Raymond James raised their price target on Ero Copper from C$26.00 to C$30.00 in a report on Tuesday, April 23rd. Cormark upped their price objective on shares of Ero Copper from C$23.50 to C$26.50 in a report on Monday, March 11th. Finally, Pi Financial upgraded shares of Ero Copper from a “neutral” rating to a “buy” rating in a research report on Thursday, April 18th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Ero Copper presently has a consensus rating of “Hold” and an average target price of C$26.83.

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.