FY2026 Earnings Estimate for Ero Copper Issued By Scotiabank

Key Points

• Scotiabank lowered Ero Copper’s FY2026 EPS estimate to $4.43 from $4.54 but maintained its “Outperform” rating. The new forecast remains above the broader consensus estimate of $4.02.
• Ero Copper exceeded quarterly expectations, reporting $0.83 EPS versus the $0.74 consensus and revenue of $284.3 million compared with estimates of $277.6 million.
• The stock was trading up 5.7% at $36.02, while analyst sentiment remained positive with a “Moderate Buy” consensus rating and an average price target of $32.33. Institutional investors own approximately 71.3% of the company.

Ero Copper Corp. (NYSE:ERO - Free Report) - Analysts at Scotiabank reduced their FY2026 earnings estimates for shares of Ero Copper in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of $4.43 per share for the year, down from their previous estimate of $4.54. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for Ero Copper's current full-year earnings is $4.02 per share.

Ero Copper (NYSE:ERO - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.09. Ero Copper had a net margin of 29.79% and a return on equity of 30.32%. The business had revenue of $284.30 million for the quarter, compared to the consensus estimate of $277.64 million.

A number of other brokerages have also recently commented on ERO. TD Securities restated a "hold" rating on shares of Ero Copper in a report on Friday, August 7th. Wall Street Zen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Ero Copper in a research report on Monday, July 6th. Bradesco Corretora upgraded Ero Copper to an "outperform" rating in a report on Monday, July 20th. Finally, Bank of America raised Ero Copper from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $30.00 to $34.00 in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $32.33.

Ero Copper Trading Up 5.7%

ERO opened at $36.02 on Friday. Ero Copper has a 52 week low of $13.55 and a 52 week high of $39.80. The company has a quick ratio of 0.81, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $28.57 and a 200-day simple moving average of $28.75. The firm has a market cap of $3.76 billion, a P/E ratio of 12.09, a P/E/G ratio of 0.27 and a beta of 1.21.

Institutional Investors Weigh In On Ero Copper

Several hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp boosted its holdings in shares of Ero Copper by 22.9% in the second quarter. Van ECK Associates Corp now owns 111,171 shares of the company's stock valued at $2,974,000 after acquiring an additional 20,698 shares in the last quarter. Impala Asset Management LLC acquired a new position in Ero Copper during the second quarter worth $31,201,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Ero Copper in the 2nd quarter worth about $1,019,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Ero Copper in the second quarter valued at approximately $39,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Ero Copper in the second quarter worth $374,000. Institutional investors and hedge funds own 71.30% of the company's stock.

About Ero Copper

Ero Copper Corp NYSE: ERO is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.

The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.

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