FY2026 Earnings Forecast for Ero Copper Issued By Scotiabank

Ero Copper Corp. (NYSE:ERO) – Analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for Ero Copper in a research note issued on Friday, April 17th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $4.12 per share for the year, down from their prior forecast of $4.58. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $4.46 per share. Scotiabank also issued estimates for Ero Copper’s FY2027 earnings at $4.68 EPS.

Ero Copper (NYSE:ERO) last announced its quarterly earnings results on Thursday, March 5th. The company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). The company had revenue of $320.20 million during the quarter, compared to the consensus estimate of $430.46 million. Ero Copper had a net margin of 33.56% and a return on equity of 27.09%.

Other analysts have also issued reports about the company. Wall Street Zen upgraded Ero Copper from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Raymond James Financial downgraded shares of Ero Copper from a “moderate buy” rating to a “hold” rating in a research report on Monday, February 9th. Loop Capital set a $32.00 price objective on shares of Ero Copper in a research note on Tuesday, December 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Ero Copper in a research report on Monday, December 29th. Finally, The Goldman Sachs Group downgraded Ero Copper from a “buy” rating to a “neutral” rating and cut their price objective for the company from $33.00 to $31.00 in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.50.

Ero Copper Stock Performance

Shares of ERO stock opened at $26.94 on Wednesday. The company has a market capitalization of $2.81 billion, a P/E ratio of 10.61 and a beta of 1.29. Ero Copper has a 52 week low of $10.85 and a 52 week high of $39.80. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.82. The company’s 50 day moving average price is $28.83 and its two-hundred day moving average price is $27.04.

Hedge Funds Weigh In On Ero Copper

Large investors have recently modified their holdings of the stock. Kapitalo Investimentos Ltda grew its stake in shares of Ero Copper by 86.0% in the third quarter. Kapitalo Investimentos Ltda now owns 1,076,696 shares of the company’s stock valued at $21,782,000 after acquiring an additional 497,978 shares in the last quarter. Citigroup Inc. lifted its position in shares of Ero Copper by 2,198.1% during the 3rd quarter. Citigroup Inc. now owns 88,729 shares of the company’s stock valued at $1,798,000 after acquiring an additional 84,868 shares during the period. Picton Mahoney Asset Management acquired a new position in Ero Copper in the third quarter valued at about $12,599,000. Quantbot Technologies LP bought a new position in Ero Copper in the 3rd quarter valued at about $1,267,000. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of Ero Copper during the 3rd quarter worth approximately $5,117,000. 71.30% of the stock is owned by institutional investors.

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.