Ero Copper (ERO) Stock Overview
Engages in the exploration, development, and production of mining projects in Brazil. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 3/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
ERO Community Fair Values
Create NarrativeSee what 44 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Ero Copper Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$37.61 |
| 52 Week High | CA$53.69 |
| 52 Week Low | CA$17.66 |
| Beta | 1.56 |
| 1 Month Change | -3.54% |
| 3 Month Change | 8.23% |
| 1 Year Change | 63.59% |
| 3 Year Change | 40.34% |
| 5 Year Change | 47.49% |
| Change since IPO | 691.79% |
Recent News & Updates
Narrative Update • Jun 23
ERO: Furnas Drilling Progress And Execution Will Drive Future Upside
The updated analyst price target for Ero Copper moves higher to about CA$55, supported by slightly stronger revenue growth and margin assumptions and a modestly lower future P/E multiple cited by recent research, even as some analysts have trimmed targets or turned more cautious on copper price upside. Analyst Commentary Recent research on Ero Copper highlights a split view, with some analysts lifting targets and ratings while others turn more cautious on copper price potential and the stock's upside.Analysis Article • Jun 22
Ero Copper (TSX:ERO) Stock Could Be 12.1% Undervalued After Furnas Drilling Update
Ero Copper (TSX:ERO) is back in focus after fresh assay results from more than 24,000 meters of drilling at its Furnas Copper Gold Project in Brazil, alongside progress toward a pre feasibility study. See our latest analysis for Ero Copper. At a latest share price of CA$42.35, Ero Copper has seen firm momentum, with a 30 day share price return of 14.40% and a 90 day share price return of 30.67%. The 1 year total shareholder return of 101.96% points to strong longer term performance alongside...Recent updates
Narrative Update • Jun 23
ERO: Furnas Drilling Progress And Execution Will Drive Future Upside
The updated analyst price target for Ero Copper moves higher to about CA$55, supported by slightly stronger revenue growth and margin assumptions and a modestly lower future P/E multiple cited by recent research, even as some analysts have trimmed targets or turned more cautious on copper price upside. Analyst Commentary Recent research on Ero Copper highlights a split view, with some analysts lifting targets and ratings while others turn more cautious on copper price potential and the stock's upside.Analysis Article • Jun 22
Ero Copper (TSX:ERO) Stock Could Be 12.1% Undervalued After Furnas Drilling Update
Ero Copper (TSX:ERO) is back in focus after fresh assay results from more than 24,000 meters of drilling at its Furnas Copper Gold Project in Brazil, alongside progress toward a pre feasibility study. See our latest analysis for Ero Copper. At a latest share price of CA$42.35, Ero Copper has seen firm momentum, with a 30 day share price return of 14.40% and a 90 day share price return of 30.67%. The 1 year total shareholder return of 101.96% points to strong longer term performance alongside...Narrative Update • Jun 07
ERO: Furnas Project Progress And Deleveraging Will Support Future Upside
Analysts have slightly reduced their CA$ price targets on Ero Copper, reflecting a mix of renewed optimism from upgrades alongside more cautious views tied to copper price expectations and updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts view the recent upgrade as support for Ero Copper's execution on its current plan, with enough progress to justify a more positive stance on the stock.Narrative Update • May 19
ERO: Copper Demand Strength And Furnas Project Will Support Future Upside
The analyst price target for Ero Copper has been adjusted to CA$48.18 from CA$47.46 as analysts weigh recent target increases tied to company-specific factors and copper demand expectations against more cautious views on potential copper price gains and valuation. Analyst Commentary Recent research shows a mix of optimism and caution on Ero Copper, with several target hikes balanced by a downgrade and a modest target trim.Narrative Update • Apr 29
ERO: Copper Demand Strength And Furnas Development Will Support Future Upside
Narrative Update: Ero Copper Analyst Price Target Shift The updated analyst model points to a slightly lower fair value for Ero Copper, trimming the price target by about CA$0.03. Analysts are balancing higher assumed revenue growth with more conservative profit margins and a modestly higher discount rate after a mix of recent target hikes and cuts across the Street.Narrative Update • Apr 09
ERO: Copper Demand Strength And Furnas Project Will Drive Future Upside
The analyst price target for Ero Copper edges higher to CA$47.49 from CA$47.09, reflecting recent CA$50 to CA$52 target moves from several firms and analyst expectations that copper demand trends support the updated outlook. Analyst Commentary Recent Street research on Ero Copper reflects a mix of constructive and more cautious views, with several firms adjusting price targets and ratings as they reassess copper market trends and the company’s execution risk.Narrative Update • Mar 25
ERO: Copper Upswing And Furnas Development Will Drive Future Upside Potential
Analysts have lifted the CA$ fair value estimate for Ero Copper to CA$47.09, supported by higher Street price targets such as CA$50 at Scotiabank and CA$52 at Canaccord, along with slightly higher modeled revenue growth, profit margins, and a lower future P/E multiple. Analyst Commentary Recent Street research around Ero Copper shows a mix of optimism on upside potential and some caution around execution and sector risks.Narrative Update • Mar 11
ERO: Copper Price Upswing And Furnas Project Will Shape Outlook
Our fair value estimate for Ero Copper edges up from CA$46.33 to CA$47.90. This echoes a series of recent analyst price target increases into the CA$50 to CA$52 range that are supported by a higher assumed future P/E multiple and updated copper market views.Narrative Update • Feb 23
ERO: Copper Price Upswing And 2026 Production Plan Will Drive Outlook
The analyst price target for Ero Copper has been raised to CA$46.33 from CA$45.63, as analysts factor in updated assumptions on copper pricing, revenue growth, profit margins, and a lower future P/E multiple. Analyst Commentary Recent Street research on Ero Copper shows a mix of optimism and caution, with several firms adjusting price targets in both directions and at least one ratings change.Narrative Update • Feb 09
ERO: Critical Mineral Role And Gold Output Will Shape Balanced Outlook
Ero Copper's analyst target has been raised by about $4.33 to $45.63, as analysts factor in updated assumptions around growth, margins and future P/E multiples. This change is reflected in a cluster of recent target changes and upgrades.
New Narrative • Jan 31
Ramp Up At Tucumã And Mechanization At Xavantina Will Reshape Long Term Outlook
Catalysts About Ero Copper Ero Copper is a base and precious metals producer with copper operations at Caraíba and Tucumã and a gold operation at Xavantina, all in Brazil. What are the underlying business or industry changes driving this perspective?Analysis Article • Jan 28
A Piece Of The Puzzle Missing From Ero Copper Corp.'s (TSE:ERO) 28% Share Price Climb
Despite an already strong run, Ero Copper Corp. ( TSE:ERO ) shares have been powering on, with a gain of 28% in the...Narrative Update • Jan 26
ERO: Critical Mineral Status And Gold Windfall Will Shape Balanced Outlook
The analyst price target for Ero Copper has been raised from $37.97 to $41.30 as analysts factor in updated assumptions for revenue growth, margins and future P/E, supported by a series of recent target hikes and upgrades across the Street. Analyst Commentary Bullish Takeaways Bullish analysts are lifting price targets in both US$ and C$, which signals higher assumed fair value for Ero Copper based on their updated models.Narrative Update • Jan 09
ERO: Gold Windfall And Critical Mineral Status Will Guide Balanced Outlook
Narrative Update The analyst price target for Ero Copper has moved higher to reflect a fair value of about $38, with analysts citing recent target increases across the Street and updated expectations for revenue growth, margins and future P/E following the surprise gold windfall disclosure. Analyst Commentary Recent Street research on Ero Copper reflects a mix of optimism around new gold related upside and caution around execution risk and current valuation.Narrative Update • Dec 15
ERO: Gold Windfall And Critical Mineral Status Will Shape Balanced Outlook
We increase our fair value estimate for Ero Copper to approximately $37.43 per share from $35.80, reflecting analysts' higher price targets following upgraded ratings, improved long term revenue growth and margin expectations, and incremental upside from the recently identified gold windfall. Analyst Commentary Recent Street research reflects a more constructive stance on Ero Copper overall, but with a clear split between optimistic and cautious voices as the market digests the impact of stronger commodity price forecasts, the gold windfall, and project execution risks.Narrative Update • Nov 30
ERO: Surprise Gold Windfall And Critical Mineral Listing Will Shape Outlook
Ero Copper's analyst price target has increased modestly from C$35.33 to C$35.80, as analysts cite positive catalysts including surprise gold windfall developments and upwardly revised commodity forecasts. Analyst Commentary Recent analyst actions reflect both increased optimism and newly noted risks surrounding Ero Copper.Analysis Article • Nov 29
Is Ero Copper (TSE:ERO) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Narrative Update • Nov 16
ERO: New Gold Reserve Monetization Will Drive Near-Term Upside
Ero Copper’s analyst price target has increased from C$33.93 to C$35.33. Analysts point to newly monetizable gold reserves and higher commodity price forecasts as key drivers behind the upward revision.Narrative Update • Nov 02
ERO: Drilling Success and Gold Momentum Will Drive Earnings Upside Ahead
The consensus analyst price target for Ero Copper has been raised from approximately $31.67 to $33.93. This change reflects increased optimism due to higher projected copper and gold prices, as well as improved revenue growth and profit margins.Narrative Update • Oct 18
Mechanization Upgrades Will Support Sustainable Copper Demand
The analyst consensus price target for Ero Copper has increased significantly from C$27.71 to C$31.67. Analysts cite stronger revenue growth projections and rising gold price forecasts as key drivers for the uplift.Narrative Update • Oct 04
Mechanization Upgrades Will Support Sustainable Copper Demand
The analyst price target for Ero Copper has increased by approximately $2, now standing at $27.71. Analysts cite strengthened profit margins and favorable commodity market outlooks, despite mixed changes in individual ratings and targets.Analysis Article • Sep 25
Ero Copper Corp. (TSE:ERO) Held Back By Insufficient Growth Even After Shares Climb 31%
Ero Copper Corp. ( TSE:ERO ) shares have had a really impressive month, gaining 31% after a shaky period beforehand...Analysis Article • Jul 15
Is Ero Copper (TSE:ERO) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • May 07
Ero Copper Corp. Just Recorded A 397% EPS Beat: Here's What Analysts Are Forecasting Next
It's been a pretty great week for Ero Copper Corp. ( TSE:ERO ) shareholders, with its shares surging 13% to CA$19.46 in...Analysis Article • May 04
Revenues Not Telling The Story For Ero Copper Corp. (TSE:ERO) After Shares Rise 25%
Those holding Ero Copper Corp. ( TSE:ERO ) shares would be relieved that the share price has rebounded 25% in the last...Analysis Article • Apr 15
Is Ero Copper (TSE:ERO) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Mar 03
Ero Copper Corp.'s (TSE:ERO) Price Is Out Of Tune With Revenues
With a median price-to-sales (or "P/S") ratio of close to 3x in the Metals and Mining industry in Canada, you could be...
New Narrative • Feb 23
Advancements At Tucumã And Caraíba Will Strengthen Future Copper Output
Completion of the Tucumã operation and Furnas Copper-Gold exploration could drive future revenue growth as production and exploration progress.Analysis Article • Feb 15
What Does The Future Hold For Ero Copper Corp. (TSE:ERO)? These Analysts Have Been Cutting Their Estimates
Today is shaping up negative for Ero Copper Corp. ( TSE:ERO ) shareholders, with the analysts delivering a substantial...Analysis Article • Jul 17
Returns On Capital Signal Tricky Times Ahead For Ero Copper (TSE:ERO)
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...Analysis Article • Jun 28
Is Ero Copper (TSE:ERO) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Shareholder Returns
| ERO | CA Metals and Mining | CA Market | |
|---|---|---|---|
| 7D | -11.2% | -8.5% | -0.9% |
| 1Y | 63.6% | 57.0% | 29.5% |
Return vs Industry: ERO exceeded the Canadian Metals and Mining industry which returned 57% over the past year.
Return vs Market: ERO exceeded the Canadian Market which returned 29.5% over the past year.
Price Volatility
| ERO volatility | |
|---|---|
| ERO Average Weekly Movement | 9.6% |
| Metals and Mining Industry Average Movement | 11.1% |
| Market Average Movement | 9.8% |
| 10% most volatile stocks in CA Market | 16.5% |
| 10% least volatile stocks in CA Market | 3.7% |
Stable Share Price: ERO has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: ERO's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2016 | 3,690 | Makko DeFilippo | www.ero.com |
Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. Its flagship asset includes Caraíba operations that comprise the production and sale of copper concentrates located in Bahia State, Brazil, as well as gold and silver produced and sold as by-products. The company was incorporated in 2016 and is headquartered in Vancouver, Canada.
Ero Copper Corp. Fundamentals Summary
| ERO fundamental statistics | |
|---|---|
| Market cap | CA$3.90b |
| Earnings (TTM) | CA$414.55m |
| Revenue (TTM) | CA$1.31b |
9.5x
P/E Ratio3.0x
P/S RatioIs ERO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ERO income statement (TTM) | |
|---|---|
| Revenue | US$923.93m |
| Cost of Revenue | US$528.91m |
| Gross Profit | US$395.02m |
| Other Expenses | US$102.75m |
| Earnings | US$292.27m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.80 |
| Gross Margin | 42.75% |
| Net Profit Margin | 31.63% |
| Debt/Equity Ratio | 52.8% |
How did ERO perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/26 21:59 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ero Copper Corp. is covered by 32 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stefan Ioannou | ATB Cormark |
| Matthew Murphy | Barclays |
| Alexander Robert Pearce | BMO Capital Markets Equity Research |