Ero Copper Stock Gets Increased EPS Estimate from Scotiabank

Key Points

• Scotiabank raised its FY2026 EPS estimate for Ero Copper to $6.29 from $6.10 and projects FY2027 EPS of $8.12, while maintaining a “Sector Perform” rating and C$55 target price.
• Ero Copper has a consensus “Moderate Buy” rating from analysts, with 2 Strong Buy, 5 Buy, and 9 Hold ratings and an average price target of C$48.67.
• The stock opened at C$49.25 and has traded between C$27.22 and C$56.62 over the past year; in its latest quarter, the company reported C$1.18 EPS, C$403.95 million in revenue, and a 29.72% net margin.

Ero Copper Corp. (TSE:ERO - Free Report) - Analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for Ero Copper in a note issued to investors on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now expects that the company will earn $6.29 per share for the year, up from their previous estimate of $6.10. Scotiabank currently has a "Sector Perform" rating and a $55.00 target price on the stock. The consensus estimate for Ero Copper's current full-year earnings is $4.74 per share. Scotiabank also issued estimates for Ero Copper's FY2027 earnings at $8.12 EPS.

ERO has been the topic of several other research reports. Bank of America upgraded shares of Ero Copper from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from C$41.00 to C$49.00 in a report on Thursday, July 16th. BMO Capital Markets reiterated an "outperform" rating and issued a C$52.00 target price on shares of Ero Copper in a research note on Monday, September 21st. The rating follows a visit to ERO Copper’s operations after the company’s investor day. Matthew Murphy noted progress across the company’s assets. Royal Bank Of Canada lifted their target price on Ero Copper from C$52.00 to C$53.00 in a research report on Tuesday, July 21st. Stifel Nicolaus boosted their price target on Ero Copper from C$52.00 to C$53.00 and gave the company a "hold" rating in a research note on Tuesday, July 21st. Finally, TD upped their price target on Ero Copper from C$44.00 to C$45.00 and gave the company a "hold" rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$48.67.

Ero Copper Price Performance

TSE:ERO opened at C$49.25 on Friday. The stock has a market cap of C$5.14 billion, a P/E ratio of 16.69, a PEG ratio of -0.72 and a beta of 1.58. Ero Copper has a one year low of C$27.22 and a one year high of C$56.62. The company has a fifty day moving average price of C$50.63 and a 200 day moving average price of C$42.86. The company has a debt-to-equity ratio of 47.25, a current ratio of 1.37 and a quick ratio of 1.43.

Ero Copper (TSE:ERO - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported C$1.18 earnings per share (EPS) for the quarter. Ero Copper had a net margin of 29.72% and a return on equity of 30.09%. The business had revenue of C$403.95 million for the quarter.

About Ero Copper

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines - the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State - as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.

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