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Ero Copper Corp(ERO)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ERO
11/13/2026: ERO (4-star) is currently NOT-A-BUY. Pass it for now.
Ero Copper Corp is a copper-focused mining company with operations primarily in Brazil. Its core strength lies in its high-grade assets and a clear growth trajectory driven by the development of the Tucumã mine. The primary investment story centers on increasing copper production to capture rising demand from the global energy transition. Key risks include exposure to volatile copper prices, operational execution challenges at new mines, and political risks inherent to its geographic focus. The stock is best suited for growth-oriented investors with a high tolerance for commodity market volatility, and investors should closely monitor project ramp-up progress and copper pricing trends.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company is in an active growth phase with significant production expansion occurring through new projects. |
| Momentum investor | Mixed fit | Subject to copper price cycles; fit is strongest when metal prices are in a sustained uptrend. |
| Value investor | Mixed fit | Valuation depends heavily on long-term copper price assumptions and project execution. |
| Dividend investor | Weak fit | The company currently retains earnings to fund growth and does not pay a dividend. |
| Low-risk investor | Weak fit | Mining stocks are inherently volatile and subject to commodity price and operational risks. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Revenue is highly sensitive to fluctuations in global copper prices. |
| Valuation risk | Medium | Market pricing often reflects optimistic production ramp-up expectations. |
| Competition risk | Medium | Competition from larger, lower-cost global copper producers can impact relative margins. |
| Business quality | Medium | Asset quality is strong, but limited to a single geography. |
| Dividend income | Low / none | There is no dividend income for investors. |
| Execution risk | Medium / high | Success depends on the reliable ramp-up of new mining projects like Tucumã. |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.03B USD | Price to earnings Ratio 7.84 | 1Y Target Price 42.4 |
Price to earnings Ratio 7.84 | 1Y Target Price 42.4 | ||
Volume (30-day avg) 1.4M shares | Beta 1.62 | 52 Weeks Range 20.61 - 40.83 | Updated Date 11/13/2026 |
52 Weeks Range 20.61 - 40.83 | Updated Date 11/13/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 3.7 |
Sector & Industry Intelligence
Sector
Basic Materials
Defensive- Sentiment
- Bearish
- Momentum
- Momentum Steady
- BUY participation
- 23.1%
- Active BUY / eligible
- 9 / 39
- 30-Day BUY Count Change
- +2
- Market state
- Bearish
The number of qualifying BUY stocks has remained relatively stable.
Industry
Copper
- BUY participation
- 0.0%
- Active BUY / eligible
- 0 / 3
- 30-Day BUY Count Change
- -1
Eligible universe: 3 stocks.
Sector signal summarizes BUY breadth conditions for the sector. It does not override this stock’s BUY, SELL, or PASS advisory.
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 31.53% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 11/13/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Copper Production | Mining and processing of copper ore into concentrate for sale. | The company's primary profit source is selling copper; higher copper prices directly benefit the bottom line. |
| Geography: Brazil | Operations located entirely within Brazil. | Investors are exposed to the regulatory and operational environment of Brazil. |
Earnings Date
Report Date 2026-11-02 | When After Market | Estimate 1.05 | Actual 1.22 |
Profitability
Profit Margin 32.21% | Operating Margin (TTM) 39.78% |
Management Effectiveness
Return on Assets (TTM) 14.81% | Return on Equity (TTM) 35.57% |
Valuation
Trailing PE 7.84 | Forward PE 6.27 | Enterprise Value 3.48B | Price to Sales(TTM) 2.49 |
Enterprise Value 3.48B | Price to Sales(TTM) 2.49 | ||
Enterprise Value to Revenue 2.87 | Enterprise Value to EBITDA 5.2 | Shares Outstanding 104.42M | Shares Floating 102.09M |
Shares Outstanding 104.42M | Shares Floating 102.09M | ||
Percent Insiders 2.3 | Percent Institutions 77.47 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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