ERO

Ero Copper Corp.

Basic Materials · $3.4B market cap

Verdict

Share price

$37.91

close of Oct 3, 2026

Fair value

$29.07

Sticker Price

Payback Price

$11.63

buy price

Overpriced

ERO is Overpriced: at $37.91 it trades 30% above its fair value of $29.07. Its buy price (Payback Price) is $11.63, 69% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

4 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth20.8% a year✓
Equity per share growth35.2% a year✓
Sales growth17.9% a year✓
Free cash flow growth63.0% a year✓
Return on invested capital8.9%✗

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Superinvestors

1 of the investors we track holds ERO. In Q2 2026, 1 trimmed and 1 sold out. Who we track

Moves in Q2 2026

Trimmed: Polen Capital Management

Sold out: Lee Ainslie

About Ero Copper Corp.

Ero Copper Corp. is a base metals mining enterprise engaged in the exploration, development, and operation of various projects throughout Brazil. The company produces and markets copper concentrate from its MCSA Mining Complex, located in the Curaçá Valley of northeastern Bahia state, with gold and silver recovered as secondary products. Additionally, Ero Copper Corp. possesses full ownership of the Boa Esperança…

Copper

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works