FY2026 Earnings Estimate for Ero Copper Issued By Scotiabank

Ero Copper Corp. (NYSE:ERO) – Equities researchers at Scotiabank upped their FY2026 earnings per share (EPS) estimates for shares of Ero Copper in a research note issued to investors on Thursday, June 18th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $4.85 per share for the year, up from their previous forecast of $4.12. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $4.10 per share. Scotiabank also issued estimates for Ero Copper’s FY2027 earnings at $5.44 EPS.

Several other equities analysts have also weighed in on the stock. Wall Street Zen upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a report on Saturday. National Bank Financial upgraded shares of Ero Copper from a “sector perform” rating to an “outperform” rating in a report on Tuesday, May 5th. The Goldman Sachs Group lowered shares of Ero Copper from a “buy” rating to a “neutral” rating and reduced their price target for the company from $33.00 to $31.00 in a research report on Tuesday, April 14th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ero Copper in a report on Thursday, June 4th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Ero Copper Price Performance

Ero Copper stock opened at $29.74 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $28.58 and a 200 day moving average price of $28.85. Ero Copper has a 12-month low of $12.79 and a 12-month high of $39.80. The stock has a market cap of $3.10 billion, a P/E ratio of 10.58 and a beta of 1.17.

Ero Copper (NYSE:ERO) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. Ero Copper had a net margin of 31.63% and a return on equity of 27.33%. The firm had revenue of $263.20 million during the quarter, compared to analyst estimates of $245.51 million.

Hedge Funds Weigh In On Ero Copper

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Ero Copper by 2.3% during the first quarter. Royal Bank of Canada now owns 188,384 shares of the company’s stock worth $2,283,000 after purchasing an additional 4,325 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Ero Copper in the first quarter valued at approximately $217,000. Goldman Sachs Group Inc. grew its holdings in shares of Ero Copper by 82.0% in the first quarter. Goldman Sachs Group Inc. now owns 275,598 shares of the company’s stock valued at $3,340,000 after purchasing an additional 124,179 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Ero Copper in the first quarter valued at approximately $356,000. Finally, Geode Capital Management LLC increased its stake in Ero Copper by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 55,170 shares of the company’s stock worth $936,000 after buying an additional 1,823 shares during the period. 71.30% of the stock is owned by institutional investors and hedge funds.

Ero Copper Company Profile

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.