Ero Copper Corp. (NYSE:ERO – Get Rating) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 1,890,000 shares, a growth of 9.2% from the September 30th total of 1,730,000 shares. Currently, 2.5% of the shares of the stock are short sold. Based on an average daily volume of 79,700 shares, the short-interest ratio is currently 23.7 days.
Ero Copper Stock Performance
ERO stock traded down $0.17 during mid-day trading on Friday, reaching $11.68. 34,304 shares of the stock traded hands, compared to its average volume of 62,381. Ero Copper has a one year low of $8.07 and a one year high of $19.45. The stock has a market capitalization of $1.06 billion, a PE ratio of 6.64 and a beta of 0.94. The business has a 50-day moving average price of $10.86 and a two-hundred day moving average price of $10.92.
Ero Copper (NYSE:ERO – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). The business had revenue of $114.90 million for the quarter, compared to analyst estimates of $112.00 million. On average, equities analysts expect that Ero Copper will post 1.19 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
ERO has been the topic of a number of analyst reports. Barclays cut shares of Ero Copper to an “equal weight” rating in a research report on Monday, October 17th. StockNews.com initiated coverage on shares of Ero Copper in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.
About Ero Copper
Ero Copper Corp. engages in the exploration, development, and mining of mineral properties in Brazil. It also produces and sells copper, gold, silver products. The company was founded on May 16, 2016 and is headquartered in Vancouver, Canada.