Loading...
ERO logo

Ero Copper Corp.NYSE:ERO Stock Report

Market Cap US$3.2b
Share Price
US$29.75
US$34.55
13.9% undervalued intrinsic discount
1Y90.9%
7D7.4%
1D
Portfolio Value
​
View

Ero Copper Corp.

NYSE:ERO Stock Report

Market Cap: US$3.2b

Ero Copper (ERO) Stock Overview

Engages in the exploration, development, and production of mining projects in Brazil. More details

ERO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance5/6
Financial Health4/6
Dividends0/6

Rewards

Price-To-Earnings ratio (10.6x) is below the US market (18.7x)

Earnings are forecast to grow 10.73% per year

Earnings grew by 1447% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Has a high level of debt


ERO Community Fair Values

Create Narrative

See what 26 others think this stock is worth. Follow their fair value or set your own to get alerts.

View all narratives

Ero Copper Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Ero Copper
Historical stock prices
Current Share PriceCA$29.75
52 Week HighCA$39.80
52 Week LowCA$12.79
Beta1.56
1 Month Change12.82%
3 Month Change26.11%
1 Year Change90.95%
3 Year Change46.77%
5 Year Change44.87%
Change since IPO665.51%

Recent News & Updates

Seeking Alpha • Jun 01

ERO Copper: Even After Doubling, Upside Remains

Summary Ero Copper (ERO) is ramping up production, with Q1 copper output up 39% year-on-year, driven by the Tucumã mine’s successful ramp-up. ERO’s transition from heavy investment to cash flow generation is underway, with rising copper prices and improved balance sheet metrics supporting future growth. Despite a doubling in share price, ERO trades at a forward EV/EBITDA discount to peers, with a 2027 target price of $37.76, 24% above current levels. I reiterate a buy rating, citing strong production growth, favorable copper market dynamics, and ongoing undervaluation relative to sector peers. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Jun 01

ERO Copper: Even After Doubling, Upside Remains

Summary Ero Copper (ERO) is ramping up production, with Q1 copper output up 39% year-on-year, driven by the Tucumã mine’s successful ramp-up. ERO’s transition from heavy investment to cash flow generation is underway, with rising copper prices and improved balance sheet metrics supporting future growth. Despite a doubling in share price, ERO trades at a forward EV/EBITDA discount to peers, with a 2027 target price of $37.76, 24% above current levels. I reiterate a buy rating, citing strong production growth, favorable copper market dynamics, and ongoing undervaluation relative to sector peers. Read the full article on Seeking Alpha
Seeking Alpha • Apr 27

Ero Copper: 2025 Could Be A Record Year For Profitability

Summary Ero Copper Corp. receives a "Buy" rating due to rising profitability, driven by strong metal prices and solid production from its Brazilian mines. Ero Copper seems undervalued and represents an attractive entry point given its growth potential, fantastic opportunities to improve financial metrics, and shares are 24% lower than previous analysis. The company is set for transformational growth in 2025, with significant increases in copper production and cash flow from operations, particularly from the Tucumã mine. Ero Copper's improved profitability and operational flexibility, alongside favorable market conditions for copper and gold, make its NYSE-listed shares a compelling investment. Read the full article on Seeking Alpha
Seeking Alpha • Feb 03

ERO Copper: Undervalued Growth Play As Copper Production Set To Double

Summary ERO Copper is undervalued with a 54% upside potential, driven by rising copper and gold prices, and production set to double in 2025. The new Tucumã mine will significantly boost copper output, complementing the existing Caraíba and Xavantina mines, enhancing overall production and revenue. Despite operating in Brazil, a non-Tier one mining jurisdiction, ERO Copper's growth prospects and low valuation compared to peers make it a compelling buy. Risks include commodity price volatility, operational disruptions, and jurisdictional uncertainties, but the long-term outlook for copper and gold remains bullish. Read the full article on Seeking Alpha
Seeking Alpha • Nov 16

Ero Copper: Attractive Price With Amazing Prospects For Copper And Gold

Summary Ero Copper Corp. upgraded to "Buy" due to promising copper and gold production prospects in Brazil and global market prices, despite short-term "Trump Trade" impacts. Copper demand is set to surge due to global electrification and AI data centers, positioning Ero Copper for significant future growth. Ero Copper's profitability is improving, driven by lower costs and higher metal prices, making current oversold share levels an attractive entry point. Bullish sentiment on gold due to the Fed's rate cut is being bolstered by investors flocking to the metal as a portfolio hedge. Investors should consider buying Ero Copper shares now, anticipating a strong rebound with expected interest rate cuts and favorable metals market conditions. Read the full article on Seeking Alpha
Seeking Alpha • Feb 03

Ero Copper: Wait For Better Entries In This Growing Player (Rating Downgrade)

Summary Ero Copper Corp. receives a "Hold" rating, downgraded from "Buy," due to current unattractive stock patterns. The company's growth prospects in the copper and gold mining sectors are positive, but the market value of shares is not the most favorable one. Ero Copper's performance has outperformed competitors and the materials sector in the long run, making it a very interesting investment option. Read the full article on Seeking Alpha
Seeking Alpha • Nov 11

Ero Copper: The Returns Could Be Staggering If Gold Soars (Rating Upgrade)

Summary Ero Copper Corp. receives a "Buy" rating which is an upgrade from the previous "Hold" rating. The company is well-positioned for future growth in copper and gold markets. The stock is currently trading at a cheap price compared to its growth opportunities. Read the full article on Seeking Alpha
Seeking Alpha • Aug 13

Ero Copper: Red Hot But Expensive [Rating Downgrade]

Summary I gave Ero Copper a buy rating almost a year ago, when it was trading at 5x earnings, despite major growth prospects, and the stock price has soared since. Ero missed its Q2 sales target by 4% after realized copper prices came in 15% lower than the market, which seemed to stun analysts on the earnings call. Although the growth prospects remain impressive, the stock may have run too hot, too fast. Read the full article on Seeking Alpha
Seeking Alpha • Jun 07

Ero Copper: Strong Prospects But Shares May Become Cheaper

Summary Ero Copper Corp. has attractive growth potential but could face near-term challenges due to an expected recession weighing on copper demand. The company's share price is likely to be negatively impacted by the recession, but this could create a more attractive entry point for investors. Ero's growth plans include doubling annual copper production and increasing gold production, making the company an attractive investment for exposure to both markets. Read the full article on Seeking Alpha

Shareholder Returns

EROUS Metals and MiningUS Market
7D7.4%9.9%2.0%
1Y90.9%77.1%23.3%

Return vs Industry: ERO exceeded the US Metals and Mining industry which returned 77.1% over the past year.

Return vs Market: ERO exceeded the US Market which returned 23.3% over the past year.

Price Volatility

Is ERO's price volatile compared to industry and market?
ERO volatility
ERO Average Weekly Movement9.5%
Metals and Mining Industry Average Movement9.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: ERO has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: ERO's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20163,690Makko DeFilippowww.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

How do Ero Copper's earnings and revenue compare to its market cap?
ERO fundamental statistics
Market capUS$3.17b
Earnings (TTM)US$292.27m
Revenue (TTM)US$923.93m
10.6x
P/E Ratio
3.4x
P/S Ratio

Is ERO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ERO income statement (TTM)
RevenueUS$923.93m
Cost of RevenueUS$528.91m
Gross ProfitUS$395.02m
Other ExpensesUS$102.75m
EarningsUS$292.27m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)2.80
Gross Margin42.75%
Net Profit Margin31.63%
Debt/Equity Ratio52.8%

How did ERO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/18 03:02
End of Day Share Price 2026/06/18 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Stefan IoannouATB Cormark
Matthew MurphyBarclays
Alexander Robert PearceBMO Capital Markets Equity Research