Scotiabank Has Strong Outlook for Ero Copper FY2026 Earnings

Ero Copper Corp. (NYSE:ERO) – Analysts at Scotiabank boosted their FY2026 earnings per share (EPS) estimates for shares of Ero Copper in a research note issued to investors on Tuesday, October 28th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings per share of $4.07 for the year, up from their previous forecast of $3.94. Scotiabank currently has a “Sector Perform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $0.71 per share.

Ero Copper (NYSE:ERO) last posted its earnings results on Thursday, July 31st. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.33 by $0.13. Ero Copper had a return on equity of 17.96% and a net margin of 26.63%.The business had revenue of $163.50 million during the quarter, compared to the consensus estimate of $263.23 million.

ERO has been the topic of several other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Ero Copper in a research report on Wednesday, October 8th. Cibc World Mkts downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Raymond James Financial reiterated an “outperform” rating on shares of Ero Copper in a research report on Friday, October 10th. Canaccord Genuity Group downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Finally, National Bank Financial downgraded shares of Ero Copper from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 9th. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.00.

Ero Copper Trading Down 0.6%

Shares of ERO opened at $21.37 on Thursday. The stock has a fifty day moving average price of $18.84 and a two-hundred day moving average price of $15.81. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.80 and a current ratio of 1.05. Ero Copper has a 52-week low of $9.30 and a 52-week high of $24.48. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 15.60 and a beta of 1.24.

Institutional Investors Weigh In On Ero Copper

Institutional investors and hedge funds have recently made changes to their positions in the company. Acuitas Investments LLC bought a new stake in shares of Ero Copper during the first quarter worth $39,000. Northwest & Ethical Investments L.P. raised its position in shares of Ero Copper by 22.6% during the first quarter. Northwest & Ethical Investments L.P. now owns 8,033 shares of the company’s stock worth $97,000 after acquiring an additional 1,483 shares during the last quarter. Letko Brosseau & Associates Inc. bought a new stake in shares of Ero Copper during the first quarter worth $176,000. Virtu Financial LLC acquired a new stake in shares of Ero Copper during the first quarter worth $180,000. Finally, XTX Topco Ltd acquired a new stake in shares of Ero Copper during the first quarter worth $188,000. Institutional investors own 71.30% of the company’s stock.

About Ero Copper

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.