Ero Copper (ERO) Projected to Post Quarterly Earnings on Thursday

Ero Copper (NYSE:ERO) is expected to issue its quarterly earnings data after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $183.26 million for the quarter.

Ero Copper Price Performance

NYSE:ERO opened at $11.50 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1.19 billion, a P/E ratio of 67.66 and a beta of 1.14. Ero Copper has a 12 month low of $11.11 and a 12 month high of $24.34. The business’s 50-day moving average is $13.57 and its 200 day moving average is $16.66.

Analyst Upgrades and Downgrades

ERO has been the topic of a number of recent research reports. TD Cowen upgraded Ero Copper from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on Ero Copper in a research report on Monday, December 2nd. They set a “buy” rating and a $19.00 price objective on the stock. Finally, TD Securities upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Ero Copper currently 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.