Overview

* Ero Copper ( ERO ) Q2 revenue missed analyst expectations, adjusted EPS beat estimates

* Record copper production in Q2 driven by Caraíba and Tucumã operations

Outlook

* Ero Copper ( ERO ) updates 2025 copper production guidance to 67,500-80,000 tonnes

* Company maintains full-year capital expenditure guidance at $230-$270 mln

* Tucumã Operation's 2025 copper production guidance set at 30,000-37,500 tonnes

Result Drivers

* RECORD COPPER PRODUCTION - Driven by ramp-up at Tucumã and higher grades at Caraíba

* GOLD PRODUCTION INCREASE - 17% rise due to higher processed volumes and improved grades at Xavantina

* OPERATIONAL INITIATIVES - Efficiency and cost control measures at Caraíba boosting margins

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $163.50 $173 mln

Revenue mln (4

Analysts

)

Q2 Beat $0.46 $0.41 (9

Adjusted Analysts

EPS )

Q2 $48.10

Adjusted mln

Net

Income

Q2 Net $71 mln

Income

Q2 Miss $82.70 $84.60

Adjusted mln mln (8

EBITDA Analysts

)

Q2 Cash $90.30

Flow mln

from

Operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 2 "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 ( ERO ) is C$26.25, about 28.6% above its July 31 closing price of C$18.75

* The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release:

(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.)