ERO · TORONTO
Average $40.34 (+34.7% upside)
The latest rating actions, newest first
| Firm | Date | Action | Rating |
|---|---|---|---|
| B of A Securities | Jul 16, 2026 | Upgrade | Neutral → Buy |
| Goldman Sachs | Apr 14, 2026 | Downgrade | Buy → Neutral |
| Freedom Broker | Feb 20, 2026 | Maintains | Buy |
| Goldman Sachs | Jan 14, 2026 | Maintains | Buy |
| Freedom Broker | Dec 30, 2025 | Initiates | Buy |
| Goldman Sachs | Oct 29, 2025 | Maintains | Buy |
Updated Jul 28, 2026
Ero Copper is expected to experience strong growth potential with the addition of its new Furnas project, which is estimated to increase the company's NAVPS by 8%. This will also lead to an attractive 16.5% after-tax IRR for Furnas, positioning the company for success in the medium-term. Despite negative revisions, Ero Copper's strong FCF yield and improving balance sheet put them in a good financial position for the future.
Ero Copper is facing negative outlook due to its underwhelming Q4 operating results, downwardly revised operating guidance, and lower-than-expected C1 cash costs for 2026. With a marked decrease in estimates, including an 8% reduction in NAVPS, this update is viewed as negative for the company's shares. While the high-margin and high-growth nature of Ero Copper's assets may be attractive, the disappointing guidance and financial performance raises concerns about the company's potential for future growth and profitability.
Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.
