Summary
Wall Street Analysts See a 37.89% Upside in Ero Copper (ERO): Can the Stock Really Move This High?
The consensus price target hints at a 37.9% upside potential for Ero Copper (ERO). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Is Ero Copper (ERO) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ERO Copper: Even After Doubling, Upside Remains
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 $37.76, 24% above current levels.
Ero Copper Corp. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Bridgewater Associates LP Bridgewater Associates LP | 342,455 | $7.96M | $8.55M | $592,446.05 | 7.45% |
 Point72 Asset Management LP Point72 Asset Management LP | 288,696 | $6.55M | $7.22M | $666,509.75 | 10.17% |
 Jeff Ameen Spire Wealth Management | 47,174 | $1.11M | $1.2M | $84,844.48 | 7.64% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 22,120 | $574,014 | $553,221.2 | -$20,792.8 | -3.62% |
 Joseph Castro Nuveen LLC | 122,484 | $2.19M | $3.09M | $897,513.52 | 40.97% |
Ero Copper Corp. (ERO) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Ero Copper Corp. ever had a stock split?
Ero Copper Corp. Profile
| Metals & Mining Industry | Materials Sector | Makko DeFilippo CEO | NYSE Exchange | 296006109 CUSIP |
| CA Country | 3,690 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Ero Copper Corp is a prominent entity in the mining sector, focusing exclusively on the exploration, development, and production of copper, along with other valuable by-products like gold and silver, in Brazil. Since its incorporation in 2016, the company has positioned its operational base in Vancouver, Canada, showcasing a significant international presence. Its strategic operations are mainly concentrated in Brazil, where it engages in the extraction and sale of copper concentrate, primarily from its Caraíba operations situated in the lush Curaçá Valley, in the northeastern part of Bahia state. By integrating advanced mining techniques and adhering to sustainable mining practices, Ero Copper Corp strives not only to optimize the extraction processes but also to ensure that its activities contribute positively to the surrounding communities and environment.
Products and Services
- Copper Concentrate Production - Ero Copper Corp specializes in the production and sale of copper concentrate, leveraging its Caraíba operations in the Curaçá Valley. This region is celebrated for its rich copper deposits, allowing the company to extract high-grade copper ore which is then processed into copper concentrate, a raw form of copper that is sold to smelters worldwide.
- Gold and Silver By-Products - In addition to copper, the mining activities at Caraíba operations yield valuable by-products, including gold and silver. These precious metals are extracted simultaneously during the copper concentration process and contribute a significant supplemental revenue stream for the company.
- Tucumã Project - This represents Ero Copper Corp's forward-looking approach to expanding its portfolio of copper resources. Located within the southeastern part of Pará state, the Tucumã project is a development initiative aimed at tapping into additional copper reserves, ensuring the company's long-term sustainability and growth in copper production.
- Xavantina Operations - Situated in Mato Grosso state, these operations further underscore the company's commitment to diversifying its production base. The Xavantina Operations focus on exploring and developing copper and other mineral resources, bolstering Ero Copper Corp's position as a major player in the mining industry in Brazil.
