Ero Copper Corp.
ERO · Price history
Price at last available close
$32.19
−$4.95 (-13.33%) 1M
2026-10-28
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Company & revenue
About Ero Copper Corp.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Ero Copper Corp. is a base metals mining enterprise engaged in the exploration, development, and operation of various projects throughout Brazil. The company produces and markets copper concentrate from its MCSA Mining Complex, located in the Curaçá Valley of northeastern Bahia state, with gold and silver recovered as secondary products. Additionally, Ero Copper Corp. possesses full ownership of the Boa Esperança property, a copper development venture in southeastern Pará state, and the NX Gold property in Mato Grosso state.
How they make money
Ero Copper Corp. is a mining company that generates revenue primarily through the production and sale of copper concentrate, with gold and silver recovered as by-products. It also produces and sells gold doré, distributing these products to international trading companies and smelters via Brazilian ports and third-party refiners.
Products & services
Copper concentrate, gold doré, and silver by-products.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Mining equipment and logistics service providers — The company relies on various third-party contractors for mining operations, transportation, and logistics services in Brazil; specific supplier names are not disclosed.Source
Business relationships & partnerships
- Vale Base Metals — A definitive earn-in agreement to acquire a 60% interest in the Furnas Copper-Gold Project.Source
Strengths
- High-margin, high-growth copper production assets in BrazilSource
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
69
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
83
Strong
Financial Strength
63
Business Quality / Moat
100
Management
90
Growth Quality
100
Risk / Durability
64
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
73
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
69/100
Building Historical Record
Model Score 69/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently moderate.
- •Valuation scores attractively
No material warning is currently being highlighted from the available summary data.
Company-specific research
Questions worth answering for ERO
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can ERO maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is ERO's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is ERO's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is ERO's valuation discount tied to a temporary concern or to a longer-term business risk?
Essential Investment Snapshot
Wall Street Score
69
Opportunity Score
73
Market Cap
$3.36B
P/E Ratio
12.3
EPS
$2.98
52-Week High
$40.83
52-Week Low
$19.09
Beta
1.59
Intrinsic Value
$114.73
Analyst Target
$31.00
Shares Outstanding
104.1M
Total Revenue
$1.05B
Total Debt
$573.4M
Dividend
No current dividend
Liquidation Value / Share
$11.70
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Community Sentiment
0 active · 0 total callsNo personal call yet on ERO.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +High-margin, high-growth copper production assets in Brazil.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Copper industry.
- −Operational risks associated with mining and processing activities.
- −Dependence on third-party smelters and refiners for product processing.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
71
Sep 21, 2026
Change
-1.5
points
Current Score
69
Oct 1, 2026
Category Changes
ERO decreased 1.5 points because Capital declined by 2 points.
Negative Contributors
- − Capital declined by 2 points
Projected Score
Projected Score
73
Projected Change
+3.2 points
Preliminary comparable-period financial changes suggest improvement of approximately 3.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Review model assumptionsThis model estimate is more than three times the share price.
This is a formula-based estimate, not a verified fair value or price target. Check the earnings and growth assumptions.
Stored EPS: $2.98 · Growth assumption: 15.0% · Earnings multiplier: 38.5×.
Current Price
$32.19
Model Intrinsic Value
$114.73
Difference
−$82.54
-71.9% vs IV
Margin of Safety
71.9%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: +70.0%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.05B | $799.6M | $470.3M | $427.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $607.4M | $454.1M | $289.7M | $270.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $447.5M | $345.5M | $180.6M | $156.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $70.4M | $75.2M | $57.9M | $61.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $70.0M | $75.2M | $59.6M | $61.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $598.3M | $498.9M | $191.9M | $222.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $377.4M | $270.3M | $121.0M | $95.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $31.7M | $22.1M | $1.8M | $12.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $392.8M | $336.7M | -$75.4M | $112.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $74.3M | $65.2M | -$7.7M | $18.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $314.4M | $268.3M | -$68.5M | $92.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $3.03 | $2.59 | $-0.66 | $0.99 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 104M | 104M | 103M | 94.11M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 106M | 104M | 103M | 94.90M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$284.3M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.85
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-12.2%
Cash Change
+49.0%
Margin Change
-11.7 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
- Debt reduced
What Weakened
- Margins contracted
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, debt levels. Pressure indicators included net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 73.9%. EPS increased 25.0%. Cash increased 49.0%. Total debt declined 12.2%. Net income margin declined by 11.7 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
7
Smart Money
7
Number of Gurus
1
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · ERO
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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