FY2027 Earnings Estimate for Ero Copper Issued By Scotiabank

Ero Copper Corp. (NYSE:ERO) – Analysts at Scotiabank dropped their FY2027 earnings per share (EPS) estimates for shares of Ero Copper in a research note issued to investors on Wednesday, November 11th. Scotiabank analyst O. Wowkodaw now expects that the company will earn $5.47 per share for the year, down from their previous forecast of $5.71. Scotiabank 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 announced its quarterly earnings data on Monday, November 2nd. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. The business had revenue of $348.00 million during the quarter, compared to analyst estimates of $342.91 million. Ero Copper had a net margin of 32.21% and a return on equity of 38.98%.

Other equities analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Freedom Broker downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Ero Copper in a report on Wednesday, September 23rd. Bank of America upgraded shares of Ero Copper from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $34.00 in a research note on Thursday, July 16th. Finally, TD Securities reissued a “hold” rating on shares of Ero Copper in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ero Copper has a consensus rating of “Hold” and a consensus target price of $32.33.

Ero Copper Trading Down 3.5%

Ero Copper 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 firm’s 50 day moving average price is $34.01 and its 200-day moving average price is $30.64. 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 has a market cap of $3.12 billion, a P/E ratio of 8.00, a PEG ratio of 0.28 and a beta of 1.32.

Institutional Trading of Ero Copper

Large investors have recently added to or reduced their stakes in the company. Cape Ann Asset Management Ltd boosted its position in shares of Ero Copper by 13.5% during the 1st quarter. Cape Ann Asset Management Ltd now owns 1,949,128 shares of the company’s stock valued at $51,983,000 after acquiring an additional 231,485 shares during the last quarter. Kapitalo Investimentos Ltda increased its position in Ero Copper by 0.5% in the third quarter. Kapitalo Investimentos Ltda now owns 1,082,320 shares of the company’s stock worth $39,710,000 after purchasing an additional 5,624 shares during the last quarter. Artemis Investment Management LLP increased its position in Ero Copper by 34.3% in the third quarter. Artemis Investment Management LLP now owns 893,832 shares of the company’s stock worth $32,837,000 after purchasing an additional 228,194 shares during the last quarter. Impala Asset Management LLC bought a new stake in Ero Copper in the second quarter worth $31,201,000. Finally, Dimensional Fund Advisors LP raised its stake in Ero Copper by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 986,385 shares of the company’s stock valued at $26,298,000 after purchasing an additional 28,231 shares in the last quarter. Institutional investors own 71.30% of the company’s stock.

About Ero Copper

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.