Ero Copper (ERO) Scheduled to Post Earnings on Tuesday

Ero Copper (TSE:ERO) is set to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of C$0.14 per share for the quarter.

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

Ero Copper Stock Up 1.9 %

ERO stock opened at C$28.51 on Monday. The company’s 50-day moving average price is C$26.08 and its 200 day moving average price is C$21.91. The company has a market cap of C$2.93 billion, a P/E ratio of 21.28, a P/E/G ratio of -0.72 and a beta of 2.14. The company has a current ratio of 1.15, a quick ratio of 1.43 and a debt-to-equity ratio of 55.09. Ero Copper has a 52 week low of C$15.72 and a 52 week high of C$32.12.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Securities raised their target price on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a “hold” rating in a research note on Friday, March 8th. Jefferies Financial Group set a C$30.00 price target on Ero Copper and gave the stock a “hold” rating in a report on Friday. Canaccord Genuity Group raised their price target on shares of Ero Copper from C$26.00 to C$34.00 in a research note on Wednesday, April 17th. National Bankshares increased their target price on shares of Ero Copper from C$22.50 to C$24.00 and gave the company a “sector perform” rating in a research report on Thursday, February 22nd. Finally, Scotiabank lifted their target price on Ero Copper from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Ero Copper currently has a consensus rating of “Hold” and a consensus price target of C$27.08.

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.