FY2027 Earnings Forecast for Ero Copper Issued By Scotiabank

Ero Copper Corp. (NYSE:ERO) – Research analysts at Scotiabank upped their FY2027 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 $5.89 per share for the year, up from their previous estimate of $5.37. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $3.98 per share.

Ero Copper (NYSE:ERO) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.09. The company had revenue of $284.30 million for the quarter, compared to analysts’ expectations 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 equities research analysts have also commented on ERO. Zacks Research lowered Ero Copper from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th. TD Securities restated a “hold” rating on shares of Ero Copper in a research report on Friday, August 7th. National Bank Financial raised Ero Copper from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 5th. Bradesco Corretora upgraded Ero Copper to an “outperform” rating in a report on Monday, July 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Ero Copper in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.33.

Ero Copper Stock Up 4.9%

Shares of NYSE:ERO opened at $40.42 on Monday. The firm has a market cap of $4.22 billion, a P/E ratio of 13.56, a P/E/G ratio of 0.31 and a beta of 1.21. Ero Copper has a 12-month low of $13.91 and a 12-month high of $40.54. The business has a fifty day simple moving average of $29.13 and a 200 day simple moving average of $28.83. The company has a quick ratio of 0.81, a current ratio of 1.30 and a debt-to-equity ratio of 0.50.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ERO. Royal Bank of Canada grew its stake in Ero Copper by 2.3% in the first quarter. Royal Bank of Canada now owns 188,384 shares of the company’s stock valued at $2,283,000 after acquiring an additional 4,325 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Ero Copper in the 1st quarter worth $217,000. Goldman Sachs Group Inc. lifted its holdings in shares of Ero Copper by 82.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 275,598 shares of the company’s stock worth $3,340,000 after purchasing an additional 124,179 shares in the last quarter. Empowered Funds LLC acquired a new stake in Ero Copper in the 1st quarter valued at $356,000. Finally, Geode Capital Management LLC grew its position in Ero Copper by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 55,170 shares of the company’s stock valued at $936,000 after purchasing an additional 1,823 shares during the period. 71.30% of the stock is owned by institutional investors and hedge funds.

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.