FY2026 Earnings Estimate for Ero Copper Issued By Scotiabank

Ero Copper Corp. (NYSE:ERO) – Stock analysts at Scotiabank dropped their FY2026 earnings estimates for shares of Ero Copper in a note issued to investors on Tuesday, July 15th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $2.83 for the year, down from their previous forecast of $3.03. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $0.71 per share.

Several other analysts also recently weighed in on the stock. Desjardins began coverage on shares of Ero Copper in a report on Friday, April 4th. They issued a “hold” rating on the stock. National Bankshares downgraded shares of Ero Copper from an “outperform” rating to a “sector perform” rating in a report on Tuesday, July 8th. TD Securities reissued a “buy” rating on shares of Ero Copper in a report on Wednesday, May 7th. Wall Street Zen downgraded shares of Ero Copper from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Ero Copper in a report on Friday, July 4th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Ero Copper has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Ero Copper Stock Down 1.4%

Shares of NYSE:ERO opened at $14.21 on Friday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 83.59 and a beta of 1.18. The firm’s 50-day simple moving average is $15.09 and its 200-day simple moving average is $13.60. The company has a quick ratio of 0.80, a current ratio of 1.05 and a debt-to-equity ratio of 0.83. Ero Copper has a fifty-two week low of $9.30 and a fifty-two week high of $23.40.

Ero Copper (NYSE:ERO) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.17 by $0.18. The firm had revenue of $125.10 million for the quarter, compared to analyst estimates of $179.45 million. Ero Copper had a net margin of 3.87% and a return on equity of 14.24%.

Hedge Funds Weigh In On Ero Copper

Several institutional investors and hedge funds have recently bought and sold shares of ERO. GMT Capital Corp increased its position in Ero Copper by 22.9% during the first quarter. GMT Capital Corp now owns 6,931,025 shares of the company’s stock worth $83,938,000 after purchasing an additional 1,292,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Ero Copper during the first quarter worth approximately $8,994,000. Invesco Ltd. grew its stake in Ero Copper by 22.6% during the fourth quarter. Invesco Ltd. now owns 3,890,977 shares of the company’s stock worth $52,450,000 after buying an additional 715,999 shares during the period. TD Asset Management Inc grew its stake in Ero Copper by 234.1% during the first quarter. TD Asset Management Inc now owns 935,090 shares of the company’s stock worth $11,324,000 after buying an additional 655,232 shares during the period. Finally, Bridgewater Associates LP grew its stake in Ero Copper by 400.2% during the fourth quarter. Bridgewater Associates LP now owns 818,269 shares of the company’s stock worth $11,026,000 after buying an additional 654,684 shares during the period. Institutional investors and hedge funds 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.