Ero Copper stock
ERONYSEEro Copper Corp., Basic MaterialsISIN CA2960061091
74Score 74 out of 100, Strong
Price and trend
63 / 100
Price history
+31% in one yearThe chart shows daily closes over 9 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 2.5% below it.
Since August 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 49).
The price is 26% below its 52-week high. Largest decline in 9 years: 67% (July 2019 to March 2020).
Chart figures for advanced users
- SMA 50$34.02
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$30.54
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)49
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$20.94
- The lowest closing price of the last twelve months.
- Resistance$40.40
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Ero Copper Corp. belongs to the Copper industry (Canada) and, with a market value of $3.1B, is number 13 of 15 companies in its industry on MEQIRI.
- For fiscal 2026, analysts expect on average revenue of $1.27B (up 58.9%) and adjusted earnings per share of $4.03 (up 90.2%).
- MEQIRI Score 74 out of 100 (Strong): rank 35 of 461 in Basic Materials, median 57.
Show more
- The P/E is 8.1 (Copper median 10.7, own median of recent years 15.9).
- Our model puts fair value at $65.60, with the price 55% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings per share growingUp 34% a year since 2020.Growth 100
- High marginNet margin 32.1% over the last 12 months, Copper median 10.1%.Profitability 92
- Below fair valuePrice 55% below the fair value of $65.60.Valuation 93
Weaknesses
- DilutionShare count up 20% since 2020.Capital allocation 52
- Volatile share priceVolatility 64% a year over the last 12 months.Stability 69
Its standout strengths are growth and valuation.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 75 to 74.
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high price swings
- high growth grade (crashed more often in the backtest)
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
Valuation
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $43.73 and expensive above $131.19 (uncertainty very high, based on the price swings of the past year).
The two parts of the fair value come to $91.62 (cash-flow model) and $39.57 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $57.40, at 7.8% it would be $77.92.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (10.7).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 107% on the twelve months before. Revenue turned from negative at the start of the period to positive ($799.6M in the latest year).
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 43%, operating 34%, net 34%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with moderate debt and comfortable interest coverage.
Earnings
- Next earnings
- 4 Mar 2027in 111 days
- Last reported
- 2 Nov 2026EPS reported $1.22 (expected $1.05)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $4.03−1.8%
- Revenue
- $1.27B−0.3%
- Earnings per share
- $4.74−1.7%
- Revenue
- $1.41B+1.9%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook lowered
Share price after the results: +12.8%Gold production at Xavantina now at the low end of the maintained range, cost guidance updated (C1 cash cost of $1,100 to $1,350 per ounce), and capex raised by $10 million.
“And as a result, we have updated full year C1 cash cost guidance to $1,100 to $1,350 per ounce and our all-in sustaining cost guidance to $2,200 to $2,700 per ounce. We have also increased our consolidated capital expenditure guidance by $10 million to include the approval of a new power line at Xavantina.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 6 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Ero Copper
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
461 rated companies in Basic Materials
- This company
- 74
- Sector median
- 57
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Copper
The next larger and next smaller companies by market value
- KGHM Polska MiedzKGH.WA $14.31B65
- Tongling Nonferrous Metals Group000630.SZ $9.71B53
- Hudbay MineralsHBM $9.6B61
- AurubisNDA.DE $6.77B63
- Capstone CopperCS.TO $5.78B54
- China Nonferrous Mining1258.HK $5.6B73
- Trekor MetalsTGB $2.55B57
- Ivanhoe ElectricIE $1.11B23
ETFs that hold Ero Copper
Held by 1 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD AccRARE | 0.69% | 0.50% | €604M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 7 Aug 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.