FY2026 Earnings Estimate for Ero Copper Issued By Scotiabank

Ero Copper Corp. (NYSE:ERO - Free Report) - Equities researchers at Scotiabank lowered their FY2026 earnings per share estimates for Ero Copper in a research report issued on Tuesday, July 15th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $2.83 per share for the year, down from their previous forecast of $3.03. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for Ero Copper's current full-year earnings is $0.71 per share.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.18. Ero Copper had a return on equity of 14.24% and a net margin of 3.87%. The firm had revenue of $125.10 million during the quarter, compared to analyst estimates of $179.45 million.

Several other research analysts have also weighed in on ERO. Wall Street Zen lowered Ero Copper from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. National Bankshares lowered Ero Copper from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, July 8th. Desjardins initiated coverage on Ero Copper in a research report on Friday, April 4th. They set a "hold" rating on the stock. Stifel Canada raised Ero Copper to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Ero Copper in a research report on Friday, July 4th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.50.

Ero Copper Stock Down 1.4%

Shares of NYSE:ERO traded down $0.20 during trading on Friday, hitting $14.21. 648,468 shares of the company's stock traded hands, compared to its average volume of 449,737. Ero Copper has a 52 week low of $9.30 and a 52 week high of $23.40. The company has a current ratio of 1.05, a quick ratio of 0.80 and a debt-to-equity ratio of 0.83. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 83.59 and a beta of 1.18. The company has a 50-day moving average price of $15.09 and a 200-day moving average price of $13.60.

Institutional Investors Weigh In On Ero Copper

Institutional investors and hedge funds have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. bought a new position in Ero Copper in the first quarter worth approximately $255,000. Raymond James Financial Inc. bought a new position in Ero Copper in the fourth quarter worth approximately $991,000. Bank of America Corp DE boosted its holdings in Ero Copper by 46.2% in the fourth quarter. Bank of America Corp DE now owns 412,925 shares of the company's stock worth $5,566,000 after acquiring an additional 130,524 shares in the last quarter. Pinpoint Asset Management Ltd boosted its holdings in Ero Copper by 75.4% in the fourth quarter. Pinpoint Asset Management Ltd now owns 74,323 shares of the company's stock worth $1,002,000 after acquiring an additional 31,951 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ero Copper by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,527,158 shares of the company's stock worth $47,529,000 after acquiring an additional 176,637 shares in the last quarter. Institutional investors own 71.30% of the company's stock.

About Ero Copper

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.