Scotiabank Forecasts Ero Copper’s FY2027 Earnings (TSE:ERO)

Ero Copper Corp. (TSE:ERO) – Investment analysts at Scotiabank lowered their FY2027 EPS estimates for Ero Copper in a research note issued on Wednesday, November 11th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn $7.79 per share for the year, down from their previous forecast of $8.12. Scotiabank has a “Strong-Buy” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $4.74 per share.

ERO has been the subject of a number of other reports. Bank of America raised Ero Copper from a “neutral” rating to a “buy” rating and increased their target price for the stock from C$41.00 to C$49.00 in a report on Thursday, July 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$52.00 price target on shares of Ero Copper in a research note on Monday, September 21st. The rating follows a visit to ERO Copper’s operations after the company’s investor day. Matthew Murphy noted progress across the company’s assets. Raymond James Financial lowered their price target on Ero Copper from C$55.00 to C$54.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 3rd. Freedom Broker cut Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Finally, National Bank Financial increased their price objective on Ero Copper from C$52.50 to C$55.00 and gave the stock an “outperform” rating in a research note on Monday, September 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Ero Copper currently has a consensus rating of “Moderate Buy” and an average target price of C$49.27.

Ero Copper Trading Down 3.6%

ERO stock opened at C$42.45 on Friday. Ero Copper has a 1-year low of C$29.10 and a 1-year high of C$56.62. The firm has a market cap of C$4.43 billion, a P/E ratio of 11.47, a P/E/G ratio of -0.72 and a beta of 1.20. The business’s 50 day moving average is C$47.89 and its 200-day moving average is C$42.60. The company has a current ratio of 1.38, a quick ratio of 1.43 and a debt-to-equity ratio of 36.62.

Ero Copper (TSE:ERO) last announced its quarterly earnings results on Monday, November 2nd. The company reported C$1.74 EPS for the quarter. The firm had revenue of C$495.47 million during the quarter. Ero Copper had a net margin of 32.14% and a return on equity of 34.30%.

Ero Copper Company Profile

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.