Ero Copper (NYSE:ERO – Get Rating) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Tuesday.

Ero Copper Price Performance

Shares of ERO traded down $0.02 during mid-day trading on Tuesday, hitting $10.38. The company's stock had a trading volume of 93,465 shares, compared to its average volume of 86,405. The business has a 50-day moving average of $9.57. The firm has a market capitalization of $939.32 million, a price-to-earnings ratio of 5.90 and a beta of 1.53. Ero Copper has a one year low of $8.07 and a one year high of $20.95.

Ero Copper (NYSE:ERO – Get Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.04). Ero Copper had a net margin of 34.39% and a return on equity of 95.68%. The company had revenue of $108.91 million during the quarter. Research analysts expect that Ero Copper will post 1.42 earnings per share for the current fiscal year.

About Ero Copper

Ero Copper Corp., a base metals mining company, engages in the exploration, development, and production of mining projects in Brazil. It engages in the production and sale of copper concentrate from the MCSA Mining Complex located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver byproducts.

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