ERO Stock Overview
Ero Copper Corp., a mining company, focuses on the production, exploration, and development of mining projects in Brazil.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$20.68|
|52 Week High||CA$29.76|
|52 Week Low||CA$17.24|
|1 Month Change||-10.44%|
|3 Month Change||-15.80%|
|1 Year Change||-2.91%|
|3 Year Change||104.75%|
|5 Year Change||n/a|
|Change since IPO||335.37%|
Recent News & Updates
Should You Be Adding Ero Copper (TSE:ERO) To Your Watchlist Today?
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Does Ero Copper (TSE:ERO) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
|ERO||CA Metals and Mining||CA Market|
Return vs Industry: ERO underperformed the Canadian Metals and Mining industry which returned 5.8% over the past year.
Return vs Market: ERO underperformed the Canadian Market which returned 23.7% over the past year.
|ERO Average Weekly Movement||6.4%|
|Metals and Mining Industry Average Movement||10.7%|
|Market Average Movement||9.4%|
|10% most volatile stocks in CA Market||17.3%|
|10% least volatile stocks in CA Market||3.5%|
Stable Share Price: ERO is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: ERO's weekly volatility (6%) has been stable over the past year.
About the Company
Ero Copper Corp., a mining company, focuses on the production, exploration, and development of mining projects in Brazil. The company also explores for copper, gold, and silver deposits. Its principal property is the Vale do Curaçá property covering an area of approximately 153,741 hectares located in the northeastern Bahia State, Brazil.
Ero Copper Fundamentals Summary
|ERO fundamental statistics|
Is ERO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ERO income statement (TTM)|
|Cost of Revenue||US$153.45m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||2.31|
|Net Profit Margin||46.39%|
How did ERO perform over the long term?See historical performance and comparison
Is Ero Copper undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ERO (CA$20.68) is trading below our estimate of fair value (CA$532.23)
Significantly Below Fair Value: ERO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ERO is good value based on its PE Ratio (7x) compared to the Canadian Metals and Mining industry average (9.7x).
PE vs Market: ERO is good value based on its PE Ratio (7x) compared to the Canadian market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: ERO is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: ERO is overvalued based on its PB Ratio (4.1x) compared to the CA Metals and Mining industry average (2.4x).
How is Ero Copper forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ERO's forecast earnings growth (25.6% per year) is above the savings rate (1.6%).
Earnings vs Market: ERO's earnings (25.6% per year) are forecast to grow faster than the Canadian market (10.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ERO's revenue (16.5% per year) is forecast to grow faster than the Canadian market (5.6% per year).
High Growth Revenue: ERO's revenue (16.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ERO's Return on Equity is forecast to be high in 3 years time
How has Ero Copper performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ERO has high quality earnings.
Growing Profit Margin: ERO's current net profit margins (46.4%) are higher than last year (10%).
Past Earnings Growth Analysis
Earnings Trend: ERO's earnings have grown significantly by 67.2% per year over the past 5 years.
Accelerating Growth: ERO's earnings growth over the past year (567.7%) exceeds its 5-year average (67.2% per year).
Earnings vs Industry: ERO earnings growth over the past year (567.7%) exceeded the Metals and Mining industry 126.9%.
Return on Equity
High ROE: ERO's Return on Equity (59.4%) is considered outstanding.
How is Ero Copper's financial position?
Financial Position Analysis
Short Term Liabilities: ERO's short term assets ($187.0M) exceed its short term liabilities ($105.7M).
Long Term Liabilities: ERO's short term assets ($187.0M) exceed its long term liabilities ($167.6M).
Debt to Equity History and Analysis
Debt Level: ERO has more cash than its total debt.
Reducing Debt: Insufficient data to determine if ERO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ERO's debt is well covered by operating cash flow (607.7%).
Interest Coverage: ERO's interest payments on its debt are well covered by EBIT (45.7x coverage).
What is Ero Copper current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ERO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ERO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ERO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ERO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ERO's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Strang (53 yo)
Mr. David Maxwell Strang serves as the Chief Executive Officer and Director of Ero Copper Corp. since May 16, 2016 and served as its President since May 16, 2016 until January 4, 2021. He is Co-Managing Pa...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD2.17M) is about average for companies of similar size in the Canadian market ($USD1.99M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Experienced Management: ERO's management team is considered experienced (3.9 years average tenure).
Experienced Board: ERO's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.3%.
Ero Copper Corp.'s employee growth, exchange listings and data sources
- Name: Ero Copper Corp.
- Ticker: ERO
- Exchange: TSX
- Founded: 2016
- Industry: Copper
- Sector: Materials
- Market Cap: CA$1.901b
- Shares outstanding: 89.70m
- Website: https://www.erocopper.com
Number of Employees
- Ero Copper Corp.
- 625 Howe Street
- Suite 1050
- British Columbia
- V6C 2T6
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/01 00:13|
|End of Day Share Price||2021/11/30 00:00|
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 here.