Brazil's Ero Copper Q4 revenue eases past expectations

Ero Copper

05/03/2026 22:16

Overview

Brazil-focused mining firm's Q4 revenue and adjusted EBITDA beat analyst expectations

Company reported record Q4 copper production of 19,706 tonnes

Outlook

Ero Copper expects 2026 copper production between 67,500 and 77,500 tonnes

Company projects 2026 gold production between 40,000 and 50,000 ounces

Ero Copper forecasts 2026 capital expenditures between $275 mln and $320 mln

Result Drivers

RECORD COPPER PRODUCTION - Ero Copper achieved record Q4 copper production of 19,706 tonnes, driven by operational improvements

GOLD CONCENTRATE SALES - Commencement of gold concentrate sales contributed to strong Q4 financial results

MECHANIZED MINING - Transition to mechanized mining at Xavantina Operations supported higher gold production

Company press release: ID:nGNX6fdPZX

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$320.2 mln
$287.78 mln (5 Analysts)
Q4 Adjusted Net Income
$108.4 mln
Q4 Net Income
$78.7 mln
Q4 Adjusted EBITDA
Beat
$186.7 mln
$182.11 mln (9 Analysts)
Q4 Cash Flow from Operations
$129.1 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialty mining & metals peer group is "buy"

Wall Street's median 12-month price target for Ero Copper Corp is C$50.00, about 15.5% above its March 4 closing price of C$43.28

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)