TSX

Ero Copper Corp.

ERO.TO•Basic Materials•Copper
Current Price
$41.59
Today's Change
-1.69%
Market Cap
$4.41B
Volume
34.86K
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Commodity Exposure

Copper

Current Price
$6.43/lb
-1.76% today
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Industry Context

Copper miners benefit from infrastructure demand. Price cycles typically last 5-7 years.

Price updated: Oct 22, 2026, 03:00 PM

💡 Quick Take

Ero Copper Corp. is a base metals mining company focused on the exploration, development, and production of copper projects in Brazil. The company boasts strong financial health with a gross margin of 42.7% and an impressive EBITDA margin of 56.2%, indicating efficient operations. However, its return on equity (ROE) of 7.4% suggests room for improvement in profitability. The current ratio of 1.37 is solid, but a quick ratio of 0.82 raises liquidity concerns. Overall, while Ero Copper shows strong margins, its valuation relative to profitability metrics warrants further scrutiny.

Based on 27 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$56.62
52 Week Low$27.22
Avg Volume431.72K
Beta1.63
Shares Outstanding104.30M

🔥 Valuation

Market Cap$4.41B
Enterprise Value$5.17B
P/E Ratio10.49
EV/EBITDA ⚠️10.75x
Dividend Yield0.00%

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🚩 Red Flags

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High Debt Load

Debt of $554.4M is 5.4x the company's cash position of $101.7M.

🌟 Opportunities

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Exceptional revenue growth of 95.8% YoY demonstrates strong market demand and competitive positioning.

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Operating margin expanded by 4.4pp, demonstrating strong operational leverage.

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Both gross margin (+0.3pp) and operating margin (+4.4pp) are expanding simultaneously, indicating the company is scaling profitably.

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Operating margin of 36.3% demonstrates excellent operational efficiency.

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Operating cash flow surged 71.7% YoY, indicating strong cash generation capability.

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