FY2026 Earnings Estimate for Ero Copper Issued By Scotiabank

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

ERO has been the subject of several other reports. Raymond James Financial upgraded Ero Copper to a "moderate buy" rating in a report on Monday, June 30th. Stifel Canada upgraded Ero Copper to a "strong-buy" rating in a research report on Tuesday, July 8th. Desjardins began coverage on Ero Copper in a report on Friday, April 4th. They set a "hold" rating on the stock. National Bank Financial cut shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 9th. Finally, Stifel Nicolaus assumed coverage on Ero Copper in a report on Wednesday, July 9th. They issued a "buy" rating for the company. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Ero Copper presently has a consensus rating of "Moderate Buy" and an average target price of $23.50.

Ero Copper Trading Up 2.1%

Shares of NYSE:ERO traded up $0.30 during trading on Friday, hitting $14.51. The company had a trading volume of 605,827 shares, compared to its average volume of 451,174. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 85.18 and a beta of 1.18. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.05 and a quick ratio of 0.80. The company has a fifty day simple moving average of $15.09 and a two-hundred day simple moving average of $13.60. Ero Copper has a one year low of $9.30 and a one year high of $23.40.

Ero Copper (NYSE:ERO - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.35 earnings per share for the quarter, beating 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 company had revenue of $125.10 million for the quarter, compared to the consensus estimate of $179.45 million.

Institutional Trading of Ero Copper

A number of hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Ero Copper during the 4th quarter worth approximately $991,000. Swiss National Bank raised its position in shares of Ero Copper by 0.6% during the fourth quarter. Swiss National Bank now owns 194,100 shares of the company's stock worth $2,616,000 after acquiring an additional 1,200 shares during the last quarter. Boston Partners raised its position in shares of Ero Copper by 66.9% during the fourth quarter. Boston Partners now owns 1,101,265 shares of the company's stock worth $14,850,000 after acquiring an additional 441,413 shares during the last quarter. Northwest & Ethical Investments L.P. grew its position in shares of Ero Copper by 19.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company's stock worth $88,000 after buying an additional 1,050 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Ero Copper during the 4th quarter worth approximately $162,000. Institutional investors own 71.30% of the company's stock.

Ero Copper Company Profile

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.