FY2027 Earnings Estimate for Ero Copper Issued By Scotiabank

Key Points

• Scotiabank lowered its FY2027 earnings estimate for Ero Copper to $5.71 per share from $5.89, while maintaining a “Sector Perform” rating. The current-year consensus estimate is $4.28 per share.
• Ero Copper’s analyst consensus remains “Moderate Buy,” with an average price target of $32.33, despite mixed rating changes from other firms.
• The company recently beat quarterly expectations, reporting $0.83 in earnings per share versus a $0.74 estimate and $284.3 million in revenue. Institutional investors own 71.3% of the stock, which recently traded at $34.73.

Ero Copper Corp. (NYSE:ERO - Free Report) - Stock analysts at Scotiabank dropped their FY2027 earnings estimates for shares of Ero Copper in a research report issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $5.71 per share for the year, down from their previous forecast of $5.89. Scotiabank currently has a "Sector Perform" rating on the stock. The consensus estimate for Ero Copper's current full-year earnings is $4.28 per share.

Other research analysts also recently issued reports about the stock. Freedom Broker downgraded shares of Ero Copper from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 3rd. TD Securities reiterated a "hold" rating on shares of Ero Copper in a research note on Friday, August 7th. Bradesco Corretora downgraded shares of Ero Copper from an "outperform" rating to a "neutral" rating in a research report on Wednesday, September 2nd. Bank of America raised shares of Ero Copper from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $30.00 to $34.00 in a research report on Thursday, July 16th. Finally, Wall Street Zen upgraded Ero Copper from a "hold" rating to a "buy" rating in a research note on Saturday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.33.

Ero Copper Stock Performance

Shares of NYSE ERO opened at $34.73 on Friday. The firm has a 50 day moving average of $36.17 and a 200 day moving average of $30.70. The company has a current ratio of 1.30, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.27 and a beta of 1.27. Ero Copper has a 12-month low of $19.09 and a 12-month high of $40.83.

Ero Copper (NYSE:ERO - Get Free Report) 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 firm 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%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ERO. Caitong International Asset Management Co. Ltd bought a new stake in Ero Copper during the 4th quarter worth approximately $38,000. PenderFund Capital Management Ltd. bought a new position in shares of Ero Copper in the second quarter worth approximately $39,000. Banque Cantonale Vaudoise boosted its position in shares of Ero Copper by 20.0% in the first quarter. Banque Cantonale Vaudoise now owns 9,000 shares of the company's stock worth $239,000 after purchasing an additional 1,500 shares during the period. Corient Private Wealth LP bought a new position in shares of Ero Copper in the second quarter worth approximately $242,000. Finally, Themes Management Co LLC purchased a new stake in shares of Ero Copper in the first quarter worth $255,000. 71.30% of the stock is currently owned by institutional investors.

Ero Copper Company Profile

Ero Copper Corp. is a Canadian mining company focused on the exploration, development and production of copper, gold and other mineral resources in Brazil. The company is headquartered in Vancouver, British Columbia, and its shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol ERO.

Ero Copper's principal assets include the Caraíba Mining Complex in the state of Bahia, which produces copper, and the NX Gold operation in Mato Grosso, which produces gold.

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