Ero Copper (ERO) Projected to Post Earnings on Thursday

Ero Copper (NYSE:ERO) is projected to announce its earnings results 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 Stock Up 0.6 %

Shares of NYSE:ERO opened at $12.84 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. Ero Copper has a 52-week low of $12.59 and a 52-week high of $24.34. The company has a market capitalization of $1.33 billion, a PE ratio of 75.53 and a beta of 1.14. The company has a fifty day moving average of $13.70 and a 200-day moving average of $16.89.

Analysts Set New Price Targets

Several research firms have commented on ERO. The Goldman Sachs Group assumed coverage on Ero Copper in a research report on Monday, December 2nd. They issued a “buy” rating and a $19.00 target price for the company. TD Securities upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, TD Cowen raised shares of Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target 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.