Ero Copper Corp. (ERO) AI Stock Analysis

Ero Copper Corp. explores, develops, and produces mining projects in Brazil, emphasizing copper extraction. Its flagship Caraíba mine in the Curaça Valley of Bahia produces copper concentrate along with gold and silver by-products. The company holds 100% interests in the Tucuma copper development project in southeastern Para state and operates the Xavantina Operations in Mato Grosso state. Founded in 2016 and based in Vancouver, Canada, the company employs 3,690 people and focuses on sustainable resource management and operational execution across its mineral properties.

Revenue expanded at a 5-year CAGR of 19.8% from FY2020 to FY2025. Annual revenue shifted from $489.9M in FY2021 to $426.4M in FY2022, $427.5M in FY2023, and $470.3M in FY2024, before rising 70.0% to $799.6M in FY2025. Earnings have shown volatility over this period, moving from net income of $201.1M in FY2021 to net income of -$68.5M in FY2024, before recovering to $268.3M in FY2025 with a 33.6% net margin. Operating margin was 33.8% in FY2025 compared to 55.3% in FY2021. For the latest quarter ended June 30, 2026, quarterly revenue growth reached 73.9% year-over-year, while quarterly earnings grew 25.0%.

As of June 30, 2026, Ero Copper held $101.7M in cash and short-term investments against total debt of $573.4M, leaving net debt of $471.6M. Shareholders' equity stood at $1.21B against total assets of $2.16B. The company recorded a current ratio of 1.37 and a debt-to-equity ratio of 0.47. In FY2025, operating cash flow reached $358.6M, funding capital expenditures of $267.4M and generating $91.2M in free cash flow, after three consecutive years of negative free cash flow. Over five years, the share count increased 15.4%.

At $34.16 per share, Ero Copper trades at a trailing P/E of 11.6x and a forward P/E of 8.3x, both below the median of its US-listed Basic Materials peers of 19.7x and 13.4x, respectively. Its EV/EBITDA multiple is 7.6x, compared to the peer median of 10.5x, though its price-to-sales ratio of 3.4x sits above the peer median of 1.8x. Over the past year, the stock returned 50.0%, outperforming the S&P 500 return of 16.8%. Over a 5-year period, the stock returned 63.1% compared to 83.0% for the S&P 500.

Wall Street coverage consists of 4 Strong Buy, 3 Buy, and 11 Hold ratings, with zero Sell or Strong Sell ratings. The mean price target is $40.73, representing a 19.2% premium over the last close of $34.16. For the current fiscal year ending December 31, 2026, analysts estimate EPS of $4.10, representing 93.2% growth, on revenue of $1.78B. The company has beaten EPS estimates in 2 of the last 4 quarters. The next earnings date is November 2, 2026.

This page is an AI-written research summary of Ero Copper Corp. (ERO). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: ERO income statement, ERO balance sheet, ERO key metrics, ERO analyst forecast, ERO chart. See the ERO stock overview for the latest quote and news.