Scotiabank Estimates Ero Copper’s FY2027 Earnings (NYSE:ERO)

Ero Copper Corp. (NYSE:ERO) – Research analysts at Scotiabank cut their FY2027 earnings estimates for shares of Ero Copper in a note issued to investors on Wednesday, November 11th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of $5.47 for the year, down from their prior estimate of $5.71. Scotiabank currently has a “Sector Outperform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $3.86 per share.

Ero Copper (NYSE:ERO) last released its quarterly earnings results on Monday, November 2nd. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.05 by $0.17. Ero Copper had a return on equity of 38.98% and a net margin of 32.21%. The company had revenue of $348.00 million during the quarter, compared to analyst estimates of $342.91 million.

A number of other equities analysts have also recently commented on the company. Freedom Broker cut Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. TD Securities reissued a “hold” rating on shares of Ero Copper in a research report on Friday, August 7th. Bradesco Corretora lowered Ero Copper from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 2nd. Weiss Ratings downgraded Ero Copper from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Ero Copper in a research note on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $32.33.

Ero Copper Trading Down 3.5%

Shares of ERO stock opened at $29.84 on Friday. Ero Copper has a 1 year low of $20.61 and a 1 year high of $40.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 0.81. The stock’s 50 day simple moving average is $34.01 and its two-hundred day simple moving average is $30.64. The company has a market cap of $3.12 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.28 and a beta of 1.32.

Institutional Trading of Ero Copper

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Ero Copper by 14.5% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 147,149 shares of the company’s stock worth $5,406,000 after purchasing an additional 18,656 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Ero Copper during the third quarter valued at approximately $412,000. Public Sector Pension Investment Board bought a new position in shares of Ero Copper during the third quarter valued at approximately $234,000. HighTower Advisors LLC bought a new position in shares of Ero Copper during the third quarter valued at approximately $3,599,000. Finally, William Blair Investment Management LLC grew its stake in shares of Ero Copper by 25.1% during the third quarter. William Blair Investment Management LLC now owns 550,048 shares of the company’s stock valued at $20,181,000 after buying an additional 110,408 shares during the last quarter. 71.30% of the stock is owned by hedge funds and other institutional investors.

Ero Copper Company Profile

Ero Copper Corp. is a Canadian mining company focused on copper production in Brazil. Its operations include the Caraíba complex in Bahia, which comprises underground and open-pit mines and processing facilities, and the Tucumã mine in Pará. The company produces copper concentrate and may recover gold and silver as byproducts. Ero Copper was established in 2016 to acquire and develop copper assets in Brazil, and Tucumã began commercial production in 2024. Headquartered in Vancouver, British Columbia, Ero Copper’s business is centered on operating and developing its Brazilian mining assets.