FY2026 Earnings Forecast for Ero Copper Issued By Scotiabank

Key Points

• Scotiabank lowered its FY2026 EPS forecast for Ero Copper to $6.08 from $6.45, while maintaining a “Sector Outperform” rating and a C$55.00 price target. It forecasts FY2027 EPS of $8.13.
• Ero Copper reported quarterly EPS of C$1.18 and revenue of C$403.95 million, alongside a 30.09% return on equity and 29.72% net margin.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and average price target of C$47.63; the stock opened at C$49.61 and has traded between C$18.90 and C$53.69 over the past year.

Ero Copper Corp. (TSE:ERO - Free Report) - Research analysts at Scotiabank dropped their FY2026 earnings estimates for shares of Ero Copper in a report issued on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $6.08 for the year, down from their prior forecast of $6.45. Scotiabank currently has a "Sector Outperform" rating and a $55.00 target price on the stock. The consensus estimate for Ero Copper's current full-year earnings is $4.74 per share. Scotiabank also issued estimates for Ero Copper's FY2027 earnings at $8.13 EPS.

Ero Copper (TSE:ERO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.18 earnings per share for the quarter. Ero Copper had a return on equity of 30.09% and a net margin of 29.72%.The company had revenue of C$403.95 million during the quarter.

Several other analysts have also issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of Ero Copper from C$52.00 to C$53.00 in a report on Tuesday, July 21st. National Bank Financial lifted their price target on shares of Ero Copper from C$50.00 to C$52.50 and gave the company an "outperform" rating in a research report on Friday, August 7th. Jefferies Financial Group dropped their price target on shares of Ero Copper from C$42.00 to C$39.00 in a research report on Monday, July 13th. Bank of America raised shares of Ero Copper from a "neutral" rating to a "buy" rating and boosted their price target for the company from C$41.00 to C$49.00 in a research note on Thursday, July 16th. Finally, TD increased their price objective on shares of Ero Copper from C$44.00 to C$45.00 and gave the stock a "hold" rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$47.63.

Ero Copper Stock Performance

TSE ERO opened at C$49.61 on Friday. The stock has a market cap of C$5.17 billion, a PE ratio of 16.82, a P/E/G ratio of -0.72 and a beta of 1.75. The company has a current ratio of 1.37, a quick ratio of 1.43 and a debt-to-equity ratio of 47.25. Ero Copper has a twelve month low of C$18.90 and a twelve month high of C$53.69. The stock has a fifty day simple moving average of C$40.18 and a 200-day simple moving average of C$39.84.

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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