FY2026 Earnings Forecast for Ero Copper Issued By Scotiabank

Ero Copper Corp. (NYSE:ERO) – Analysts at Scotiabank reduced their FY2026 EPS estimates for shares of Ero Copper in a research note issued to investors on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $4.43 per share for the year, down from their prior forecast of $4.54. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $4.02 per share.

Ero Copper (NYSE:ERO) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. The business had revenue of $284.30 million during the quarter, compared to the consensus estimate of $277.64 million. Ero Copper had a net margin of 29.79% and a return on equity of 30.32%.

A number of other brokerages have also issued reports on ERO. Zacks Research lowered shares of Ero Copper from a “hold” rating to a “strong sell” rating in a research note on Monday. Bradesco Corretora raised Ero Copper to an “outperform” rating in a report on Monday, July 20th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Ero Copper in a report on Monday, July 6th. Wall Street Zen raised Ero Copper from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, TD Securities reaffirmed a “hold” rating on shares of Ero Copper in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.33.

Ero Copper Trading Up 5.7%

NYSE ERO opened at $36.02 on Friday. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 0.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 0.81. Ero Copper has a 12 month low of $13.55 and a 12 month high of $39.80. The company’s fifty day moving average price is $28.57 and its two-hundred day moving average price is $28.75.

Hedge Funds Weigh In On Ero Copper

Institutional investors have recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in shares of Ero Copper by 22.9% in the 2nd quarter. Van ECK Associates Corp now owns 111,171 shares of the company’s stock worth $2,974,000 after acquiring an additional 20,698 shares during the period. Impala Asset Management LLC acquired a new stake in shares of Ero Copper in the second quarter valued at approximately $31,201,000. Public Employees Retirement System of Ohio acquired a new position in shares of Ero Copper during the second quarter worth approximately $1,019,000. PenderFund Capital Management Ltd. bought a new position in Ero Copper in the 2nd quarter worth approximately $39,000. Finally, Capstone Investment Advisors LLC acquired a new stake in Ero Copper in the 2nd quarter valued at approximately $374,000. Institutional investors own 71.30% of the company’s stock.

About Ero Copper

Ero Copper Corp (NYSE: ERO) is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.

The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.