Scotiabank Has Weak Forecast for Ero Copper FY2026 Earnings

Ero Copper Corp. (TSE:ERO) – Investment analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for shares of Ero Copper in a research report issued on Thursday, March 12th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $6.22 per share for the year, down from their previous forecast of $6.57. The consensus estimate for Ero Copper’s current full-year earnings is $4.74 per share. Scotiabank also issued estimates for Ero Copper’s FY2027 earnings at $6.18 EPS.

ERO has been the topic of a number of other reports. National Bank Financial cut their price target on Ero Copper from C$56.00 to C$53.50 and set a “sector perform” rating for the company in a research note on Wednesday, February 25th. ATB Cormark Capital Markets boosted their price objective on Ero Copper from C$37.00 to C$50.00 and gave the company a “moderate buy” rating in a research report on Friday, February 6th. Canaccord Genuity Group upped their target price on Ero Copper from C$48.00 to C$52.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Bank of America lowered Ero Copper from a “buy” rating to a “neutral” rating and decreased their target price for the company from C$49.00 to C$45.00 in a research report on Monday, February 9th. Finally, Desjardins lifted their price target on shares of Ero Copper from C$37.50 to C$45.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$44.54.

Ero Copper Stock Up 2.9%

ERO stock opened at C$36.90 on Monday. Ero Copper has a 12 month low of C$13.17 and a 12 month high of C$53.69. The company has a debt-to-equity ratio of 67.59, a current ratio of 1.06 and a quick ratio of 1.43. The company has a market capitalization of C$3.83 billion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of -0.72 and a beta of 1.66. The firm’s fifty day simple moving average is C$42.72 and its 200-day simple moving average is C$34.75.

Insider Buying and Selling at Ero Copper

In related news, Director John H. Wright sold 15,000 shares of Ero Copper stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of C$52.11, for a total value of C$781,650.00. Following the completion of the sale, the director owned 377,832 shares in the company, valued at approximately C$19,688,825.52. This trade represents a 3.82% decrease in their position. Corporate insiders own 10.37% of the company’s stock.

About Ero Copper

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.