Ero Copper (NYSE:ERO) Posts Earnings Results, Beats Expectations By $0.18 EPS

Ero Copper (NYSE:ERO - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.18, Zacks reports. The firm had revenue of $125.10 million for the quarter, compared to analyst estimates of $179.45 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%.

Ero Copper Stock Performance

Shares of ERO stock traded up $0.02 during mid-day trading on Friday, reaching $13.39. The stock had a trading volume of 419,141 shares, compared to its average volume of 398,791. The firm's 50 day simple moving average is $12.11 and its 200 day simple moving average is $13.75. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.39 billion, a PE ratio of 78.76 and a beta of 1.10. Ero Copper has a one year low of $9.30 and a one year high of $24.34.

Analyst Ratings Changes

Several research firms recently issued reports on ERO. StockNews.com raised shares of Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday. TD Cowen raised Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. National Bankshares upgraded Ero Copper from a "sector perform" rating to an "outperform" rating in a report on Tuesday. Raymond James restated an "outperform" rating on shares of Ero Copper in a research note on Friday, April 4th. Finally, National Bank Financial upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Ero Copper presently has an average rating of "Buy" and a consensus target price of $26.33.

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.