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ERO Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
26.400
Open
25.800
VWAP
25.77
Vol
2.86M
Mkt Cap
2.55B
Low
25.080
Amount
73.66M
EV/EBITDA(TTM)
5.24
Total Shares
104.28M
EV
3.08B
EV/OCF(TTM)
8.10
P/S(TTM)
2.75
Ero Copper Corp. is a copper producer with operations in Brazil. The Company's primary asset is a 99.6% interest in the Brazilian copper mining company, Mineracao Caraiba S.A. (MCSA), 100% owner of the Company's Caraiba Operations, which are located in the Curaca Valley, Bahia State, Brazil, and the Tucuma Operation, an open pit copper mine located in Para State, Brazil. The Company also owns 97.6% of NX Gold S.A. (NX Gold), which owns the Xavantina Operations, an operating gold and silver mine located in Mato Grosso State, Brazil. It also has an agreement with Vale Base Metals for a 60% interest in the Furnas Copper-Gold Project, located in the Carajas Mineral Province in Para State, Brazil. The Caraiba Operations are located in northeastern Bahia State, Brazil, approximately 385 kilometers (km) north-northwest of the capital city of Salvador. The Xavantina Operations are located in southeastern Mato Grosso State, Brazil, approximately 670 km east of the capital city of Cuiaba.
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Events Timeline

(ET)
2026-03-05
17:20:00
Consolidated Copper Production Expected to Increase in H2 2026
select
2026-03-05
17:10:00
Company Reports Q4 Revenue of $320.2M, Record Copper Production
select

News

seekingalpha
9.5
05-04seekingalpha
PinnedEro Copper Q1 Earnings Exceed Expectations
  • Strong Earnings Performance: Ero Copper reported a Q1 non-GAAP EPS of $0.69, beating expectations by $0.17, indicating a significant improvement in profitability and enhancing the company's competitive position in the market.
  • Substantial Revenue Growth: The company achieved revenue of $263.2 million in Q1, a 110.4% year-over-year increase, surpassing market expectations by $11.76 million, which reflects strong sales performance and market demand, further solidifying its market position.
  • Robust Cash Flow: Operating cash flow for the first quarter was $92.8 million, demonstrating ongoing improvements in operational efficiency and cash management, providing ample funding for future investments and debt repayments.
  • Effective Debt Management: At quarter-end, net debt was reduced to $490.7 million, approximately $11 million lower than year-end 2025, with a net leverage ratio of about 1.0x, indicating significant progress in deleveraging efforts and enhancing financial stability.
Newsfilter
8.5
04-23Newsfilter
Copper Prices Surge as Salazar Resources Accelerates Development
  • Record Copper Prices: The International Energy Agency confirmed that copper prices have surpassed $13,000 per metric ton, leading to smelter processing fees dropping to zero, indicating a tight market where smelters are operating for free to maintain operations.
  • Widening Supply Deficit: ING Group projects a refined copper deficit of 600,000 tons in 2026, the largest in two decades, driven by mine disruptions and tariff-induced stockpiling, prompting capital to flow towards producers capable of delivering in a constrained market.
  • Monja Project Advancements: Salazar Resources identified a high-priority copper-gold porphyry target at its Monja project in Ecuador, with rock chip samples showing grades up to 4.77% copper, highlighting the company's exploration strength and potential in the region.
  • Multiple Projects in Progress: Salazar recently acquired four copper-gold exploration properties and holds a 25% interest in the El Domo copper-gold mine, which is expected to commence production in July 2027, demonstrating the company's proactive strategy across various key projects.
seekingalpha
6.0
04-14seekingalpha
Goldman Sachs Downgrades Ero Copper to Neutral
  • Rating Downgrade Impact: Goldman Sachs downgraded Ero Copper from Buy to Neutral with a $31 price target, resulting in a 6.5% drop in stock price on Tuesday, reflecting market concerns about the company's future performance.
  • Performance Expectations: Despite Ero Copper's stock doubling over the past year, Goldman analyst noted that limited upside in copper prices and operational uncertainties have diminished the stock's risk/reward attractiveness, potentially affecting investor confidence.
  • Project Progress Key: Goldman emphasized that the progress of the Furnas project will be crucial for assessing Ero Copper's potential moving forward, and without operational improvements, the market's expectation for a re-rating will be hard to achieve.
  • Market Outlook Analysis: Goldman anticipates a surplus in the global copper market for 2026-27, with copper prices expected to remain flat or slightly down, indicating that if the economic outlook deteriorates, copper prices could face further downside risks, putting pressure on Ero Copper's future growth.
Newsfilter
8.5
03-30Newsfilter
Ero Copper Files Preliminary Economic Assessment for Furnas Project
  • Technical Report Submission: Ero Copper Corp. has filed a Technical Report regarding the Preliminary Economic Assessment (PEA) for the Furnas Copper-Gold Project in Pará, Brazil, adhering to Canadian Securities Administrators' standards, aimed at providing transparency and enhancing market confidence.
  • Project Advancement: This Technical Report supports the disclosures made in the news release dated February 23, 2026, indicating the company's ongoing efforts to advance the project, which is expected to attract further investment and drive development.
  • Mining Strategy: Ero Copper focuses on copper and gold assets in Brazil and is advancing its interest in the Furnas project through a definitive earn-in agreement with Vale Base Metals for a 60% stake, showcasing its expansion intentions and competitive positioning in the mining sector.
  • Transparency Commitment: The Technical Report is accessible on the company's website, SEDAR+, and EDGAR, reflecting Ero's commitment to information disclosure, which helps bolster investor confidence in the company's future growth prospects.
Newsfilter
9.5
03-05Newsfilter
Ero Copper Reports Record 2025 Financial Results
  • Record Copper Production: In Q4 2025, Ero Copper achieved a record copper production of 19,706 tonnes, totaling 64,307 tonnes for the year, indicating strong market performance and potential for increased market share.
  • Significant Gold Production Growth: The company produced 13,837 ounces of gold in Q4, with a total of 37,291 ounces for the year, at C1 cash costs of $766 and $976 respectively, showcasing enhanced profitability in its gold operations.
  • Substantial Cash Flow Increase: Ero reported an operational cash flow of $395.1 million for 2025, a remarkable 171.7% increase year-on-year, providing robust financial support for future investments and expansion.
  • Improved Debt Leverage: By year-end 2025, the company's net debt leverage ratio improved significantly to 1.2x from 2.6x at the end of 2024, reflecting a solid financial position and sustainable growth capacity.
seekingalpha
9.5
03-05seekingalpha
Ero Copper Reports Significant Q4 Production Increases in Copper and Gold
  • Significant Production Increases: Ero Copper reported Q4 copper production of 19,706 tonnes and gold production of 13,837 ounces, reflecting nearly 60% and over 100% increases compared to Q1, respectively, indicating substantial improvements in production efficiency and enhanced market competitiveness.
  • 2026 Production Guidance: The company expects consolidated copper production to range between 67,500 and 77,500 tonnes in 2026, representing up to a 20% increase compared to 2025, which reflects higher sustained plant throughput and lower planned grades, suggesting strong future profitability potential.
  • Gold Production Outlook: At the Xavantina Operations, gold production is projected to total 40,000 to 50,000 ounces, representing an increase of up to 34% compared to 2025, with C1 cash costs expected between $1,000 and $1,250 per ounce, indicating enhanced profitability.
  • Capital Expenditure Plans: The company anticipates capital expenditures across its operating portfolio to range from $245 million to $280 million, including investments in mine ventilation and development, underscoring its commitment to future growth.
Wall Street analysts forecast ERO stock price to rise
10 Analyst Rating
Wall Street analysts forecast ERO stock price to rise
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
22.32
Averages
25.65
High
30.23
Current: 0.000
sliders
Low
22.32
Averages
25.65
High
30.23
National Bank
Sector Perform
to
Outperform
upgrade
$50
AI Analysis
2026-05-05
New
Reason
National Bank
Price Target
$50
AI Analysis
2026-05-05
New
upgrade
Sector Perform
to
Outperform
Reason
National Bank upgraded Ero Copper to Outperform from Sector Perform with an unchanged price target of C$50.
Canaccord
Dalton Baretto
Buy
downgrade
$52 -> $51
2026-04-21
Reason
Canaccord
Dalton Baretto
Price Target
$52 -> $51
2026-04-21
downgrade
Buy
Reason
Canaccord analyst Dalton Baretto lowered the firm's price target on Ero Copper to C$51 from C$52 and keeps a Buy rating on the shares.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for ERO
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Valuation Metrics

The current forward P/E ratio for Ero Copper Corp (ERO.N) is 6.61, compared to its 5-year average forward P/E of 9.99. For a more detailed relative valuation and DCF analysis to assess Ero Copper Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
9.99
Current PE
6.61
Overvalued PE
14.24
Undervalued PE
5.75

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
5.39
Current EV/EBITDA
3.65
Overvalued EV/EBITDA
6.87
Undervalued EV/EBITDA
3.91

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
2.62
Current PS
1.55
Overvalued PS
3.38
Undervalued PS
1.86

Financials

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Whales Holding ERO

G
GMT Capital Corp.
Holding
ERO
-1.12%
3M Return
K
Konwave AG (Gold 2000)
Holding
ERO
-9.19%
3M Return

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Frequently Asked Questions

What is Ero Copper Corp (ERO) stock price today?

The current price of ERO is 25.82 USD — it has increased 5.56

What is Ero Copper Corp (ERO)'s business?

Ero Copper Corp. is a copper producer with operations in Brazil. The Company's primary asset is a 99.6% interest in the Brazilian copper mining company, Mineracao Caraiba S.A. (MCSA), 100% owner of the Company's Caraiba Operations, which are located in the Curaca Valley, Bahia State, Brazil, and the Tucuma Operation, an open pit copper mine located in Para State, Brazil. The Company also owns 97.6% of NX Gold S.A. (NX Gold), which owns the Xavantina Operations, an operating gold and silver mine located in Mato Grosso State, Brazil. It also has an agreement with Vale Base Metals for a 60% interest in the Furnas Copper-Gold Project, located in the Carajas Mineral Province in Para State, Brazil. The Caraiba Operations are located in northeastern Bahia State, Brazil, approximately 385 kilometers (km) north-northwest of the capital city of Salvador. The Xavantina Operations are located in southeastern Mato Grosso State, Brazil, approximately 670 km east of the capital city of Cuiaba.

What is the price predicton of ERO Stock?

Wall Street analysts forecast ERO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ERO is25.65 USD with a low forecast of 22.32 USD and a high forecast of 30.23 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Ero Copper Corp (ERO)'s revenue for the last quarter?

Ero Copper Corp revenue for the last quarter amounts to 263.17M USD, increased 110.39

What is Ero Copper Corp (ERO)'s earnings per share (EPS) for the last quarter?

Ero Copper Corp. EPS for the last quarter amounts to 1.04 USD, increased 35.06

How many employees does Ero Copper Corp (ERO). have?

Ero Copper Corp (ERO) has 3690 emplpoyees as of May 05 2026.

What is Ero Copper Corp (ERO) market cap?

Today ERO has the market capitalization of 2.55B USD.