Scotiabank Forecasts Ero Copper’s FY2026 Earnings (NYSE:ERO)

Ero Copper Corp. (NYSE:ERO) – Research analysts at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for Ero Copper in a report released on Wednesday, February 11th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings per share of $4.79 for the year, down from their prior estimate of $5.42. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $0.71 per share. Scotiabank also issued estimates for Ero Copper’s FY2027 earnings at $4.77 EPS.

Several other research analysts have also recently weighed in on ERO. Loop Capital set a $32.00 price objective on shares of Ero Copper in a research report on Tuesday, December 30th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Ero Copper in a report on Friday, December 5th. Freedom Capital upgraded shares of Ero Copper to a “strong-buy” rating in a research report on Tuesday, December 30th. ATB Cormark Capital Markets upgraded shares of Ero Copper to a “moderate buy” rating in a research report on Friday, February 6th. Finally, The Goldman Sachs Group increased their target price on Ero Copper from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Ero Copper presently has a consensus rating of “Moderate Buy” and an average target price of $32.50.

Ero Copper Stock Performance

NYSE:ERO opened at $29.89 on Monday. The stock has a market cap of $3.11 billion, a P/E ratio of 22.47 and a beta of 1.20. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 0.64. The business’s 50-day moving average price is $29.94 and its two-hundred day moving average price is $22.98. Ero Copper has a twelve month low of $9.30 and a twelve month high of $39.80.

Hedge Funds Weigh In On Ero Copper

A number of large investors have recently added to or reduced their stakes in the business. FIL Ltd grew its stake in shares of Ero Copper by 74.1% during the fourth quarter. FIL Ltd now owns 11,670,422 shares of the company’s stock valued at $330,161,000 after buying an additional 4,966,427 shares during the last quarter. GMT Capital Corp boosted its holdings in Ero Copper by 7.7% during the 2nd quarter. GMT Capital Corp now owns 7,467,055 shares of the company’s stock valued at $125,865,000 after acquiring an additional 536,030 shares during the period. Jennison Associates LLC boosted its holdings in Ero Copper by 5.0% during the 2nd quarter. Jennison Associates LLC now owns 5,487,290 shares of the company’s stock valued at $92,651,000 after acquiring an additional 259,830 shares during the period. Invesco Ltd. grew its position in Ero Copper by 24.8% during the 3rd quarter. Invesco Ltd. now owns 2,553,915 shares of the company’s stock worth $51,666,000 after acquiring an additional 507,217 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Ero Copper by 77.6% in the 4th quarter. Vanguard Group Inc. now owns 2,546,856 shares of the company’s stock worth $72,051,000 after purchasing an additional 1,112,428 shares during the period. Hedge funds and other institutional investors own 71.30% of the company’s stock.

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.