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Company Overview — What Does Ero Copper Corp. Do?

Ero Copper Corp., a mining company, focuses on the production, exploration, and development of mining projects in Brazil. The company also explores for copper, gold, and silver deposits. Its principal property is the Vale do Curaçá property covering an area of approximately 153,741 hectares located in the northeastern Bahia State, Brazil. The company also holds interests in the Boa Esperança project covering an area of approximately 4,034 hectares located in Pará, Brazil; and NX gold mine covering an area of approximately 31,096 located in Mato Grosso, Brazil. Ero Copper Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada. Ero Copper Corp. (ERO) is classified as a mid-cap stock in the Materials sector, specifically within the Non-Metallic And Industrial Metal Mining industry. The company is led by CEO David Strang and employs approximately 2,460 people. With a market capitalization of $2.9B, ERO is one of the notable companies in the Materials sector.

Ero Copper Corp. (ERO) Stock Rating — Hold (April 2026)

As of April 2026, Ero Copper Corp. receives a Hold rating with a composite score of 50.1/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.ERO ranks #1,904 out of 4,446 stocks in our coverage universe. Within the Materials sector, Ero Copper Corp. ranks #127 of 284 stocks, placing it in the upper half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

ERO Stock Price and 52-Week Range

Ero Copper Corp. (ERO) currently trades at $31.15. The stock gained $0.33 (1.1%) in the most recent trading session. The 52-week high for ERO is $39.80, which means the stock is currently trading -21.7% from its annual peak. The 52-week low is $9.30, putting the stock 234.9% above its annual trough. Recent trading volume was 865K shares, suggesting relatively thin trading activity.

Is ERO Overvalued or Undervalued? — Valuation Analysis

Ero Copper Corp. (ERO) carries a value factor score of 55/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The price-to-book ratio stands at 5.11x, versus the sector average of 2.83x. The price-to-sales ratio is 1.60x, compared to 0.74x for the average Materials stock.

Overall, ERO's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

Ero Copper Corp. Profitability — ROE, Margins, and Quality Score

Ero Copper Corp. (ERO) earns a quality factor score of 39/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -46.2%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -18.6% versus the sector average of 0.6%.

On a margin basis, Ero Copper Corp. reports gross margins of 38.4%, compared to 29.8% for the sector. The operating margin is 23.2% (sector: 6.0%). Net profit margin stands at -14.4%, versus 3.0% for the average Materials stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

ERO Debt, Balance Sheet, and Financial Health

Ero Copper Corp. has a debt-to-equity ratio of 104.0%, compared to the Materials sector average of 41.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. Total debt on the balance sheet is $609M. Cash and equivalents stand at $50M.

ERO has a beta of 1.50, meaning it is more volatile than the broader market — a $10,000 investment in ERO would be expected to move 49.9% more than the S&P 500 on any given day. The stability factor score for Ero Copper Corp. is 40/100, reflecting average volatility within the normal range for its sector.

Ero Copper Corp. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Ero Copper Corp. reported revenue of $470M and earnings per share (EPS) of $-0.66. Net income for the quarter was $-68M. Gross margin was 38.4%. Operating income came in at $109M.

In FY 2024, Ero Copper Corp. reported revenue of $470M and earnings per share (EPS) of $-0.66. Net income for the quarter was $-68M. Gross margin was 38.4%. Revenue grew 10.0% year-over-year compared to FY 2023. Operating income came in at $109M.

In FY 2023, Ero Copper Corp. reported revenue of $427M and earnings per share (EPS) of $0.99. Net income for the quarter was $94M. Gross margin was 36.7%. Revenue grew 0.3% year-over-year compared to FY 2022. Operating income came in at $95M.

In FY 2022, Ero Copper Corp. reported revenue of $426M and earnings per share (EPS) of $1.12. Net income for the quarter was $103M. Gross margin was 43.9%. Revenue grew -13.0% year-over-year compared to FY 2021. Operating income came in at $130M.

Over the past 6 quarters, Ero Copper Corp. has demonstrated a growth trajectory, with revenue expanding from $324M to $470M. Investors analyzing ERO stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

ERO Dividend Yield and Income Analysis

Ero Copper Corp. (ERO) does not currently pay a dividend. This is common among smaller companies in the Non-Metallic And Industrial Metal Mining industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.

ERO Momentum and Technical Analysis Profile

Ero Copper Corp. (ERO) has a momentum factor score of 75/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 47/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 27/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

ERO vs Competitors — Materials Sector Ranking and Peer Comparison

Within the Materials sector, Ero Copper Corp. (ERO) ranks #127 out of 284 stocks based on the Blank Capital composite score. This places ERO in the upper half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.

Comparing ERO against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full ERO vs S&P 500 (SPY) comparison to assess how Ero Copper Corp. stacks up against the broader market across all factor dimensions.

ERO Next Earnings Date

No upcoming earnings date has been announced for Ero Copper Corp. (ERO) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy ERO? — Investment Thesis Summary

Ero Copper Corp. presents a balanced picture with arguments on both sides. The quality score of 39/100 flags below-average profitability. Price momentum is positive at 75/100, suggesting the trend favors buyers.

In summary, Ero Copper Corp. (ERO) earns a Hold rating with a composite score of 50.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on ERO stock.

Related Resources for ERO Investors

Explore more research and tools: ERO vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare ERO head-to-head with peers: ERO vs CF, ERO vs NTR, ERO vs UAN.