Scotiabank Predicts Ero Copper's FY2027 Earnings (TSE:ERO)

Key Points

• Scotiabank cut its FY2027 EPS forecast for Ero Copper to $7.79 from $8.12, while maintaining a “Strong Buy” rating.
• Analyst sentiment is broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of C$49.27; shares opened at C$42.45.
• Ero Copper reported quarterly EPS of C$1.74 and revenue of C$495.47 million, with a 32.14% net margin.

Ero Copper Corp. (TSE:ERO - Free Report) - Equities research analysts at Scotiabank lowered their FY2027 earnings estimates for Ero Copper in a research report issued to clients and investors on Wednesday, November 11th. Scotiabank analyst O. Wowkodaw now expects that the company will earn $7.79 per share for the year, down from their prior forecast of $8.12. Scotiabank has a "Strong-Buy" rating on the stock. The consensus estimate for Ero Copper's current full-year earnings is $4.74 per share.

Other research analysts also recently issued reports about the company. BMO Capital Markets reaffirmed an "outperform" rating and issued a C$52.00 price target on shares of Ero Copper in a research report 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. Canadian Imperial Bank of Commerce increased their price objective on Ero Copper from C$52.00 to C$56.00 in a research report on Wednesday, September 23rd. Stifel Nicolaus increased their price objective on Ero Copper from C$52.00 to C$53.00 and gave the company a "hold" rating in a research report on Tuesday, July 21st. Freedom Broker downgraded shares of Ero Copper from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of Ero Copper from C$52.00 to C$53.00 in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$49.27.

Ero Copper Price Performance

Shares of TSE:ERO opened at C$42.45 on Friday. The company has a market cap of C$4.43 billion, a price-to-earnings ratio of 11.47, a PEG ratio of -0.72 and a beta of 1.20. The business has a 50 day moving average price of C$47.89 and a 200 day moving average price of C$42.60. The company has a quick ratio of 1.43, a current ratio of 1.38 and a debt-to-equity ratio of 36.62. Ero Copper has a twelve month low of C$29.10 and a twelve month high of C$56.62.

Ero Copper (TSE:ERO - Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The company reported C$1.74 EPS for the quarter. Ero Copper had a return on equity of 34.30% and a net margin of 32.14%. The business had revenue of C$495.47 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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