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

Ero Copper (TSE:ERO) is scheduled to issue its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of C$0.34 per share for the quarter.

Ero Copper (TSE:ERO) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.25 by C($0.02). The company had revenue of C$95.78 million for the quarter, compared to analysts’ expectations of C$94.43 million.

Shares of TSE:ERO opened at C$23.45 on Wednesday. The company has a market capitalization of $2.09 billion and a PE ratio of 148.42. Ero Copper has a 1 year low of C$7.62 and a 1 year high of C$25.69. The stock has a fifty day simple moving average of C$23.28. The company has a debt-to-equity ratio of 133.10, a current ratio of 0.99 and a quick ratio of 0.59.

ERO has been the subject of a number of recent research reports. Canaccord Genuity upped their price objective on shares of Ero Copper from C$16.50 to C$20.00 in a report on Monday, April 15th. BMO Capital Markets upped their price objective on shares of Ero Copper from C$16.50 to C$17.50 and gave the stock a “market perform” rating in a report on Friday, June 21st. National Bank Financial upped their price objective on shares of Ero Copper from C$21.50 to C$24.00 and gave the stock a “sector perform” rating in a report on Thursday, July 18th. Raymond James reiterated an “outperform” rating and issued a C$22.00 price objective on shares of Ero Copper in a report on Wednesday, July 31st. Finally, Cormark upped their price objective on shares of Ero Copper from C$17.50 to C$20.00 in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$20.64.

About Ero Copper

Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. The company also explores for gold and silver ores. Its principal property is the Vale do Curaçá Property located in the northeastern Bahia State, Brazil. The company also holds interests in the Boa Esperança Property located in the municipality of Tucumã, Pará State; and NX Gold Mine, which is located in the eastern portion of the State of Mato Grosso.

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Earnings History for Ero Copper (TSE:ERO)

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