Ero Copper Corp
TSX:ERO

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Ero Copper Corp Logo
Ero Copper Corp
TSX:ERO
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Price: 34.85 CAD -1.75% Market Closed
Market Cap: CA$3.6B

P/E

10
Current
43%
Cheaper
vs 3-y average of 17.5

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
10
=
Market Cap
CA$4.1B
/
Net Income
$263.7m

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
10
=
Market Cap
CA$4.1B
/
Net Income
$263.7m

Valuation Scenarios

Ero Copper Corp is trading below its 3-year average

If P/E returns to its 3-Year Average (17.5), the stock would be worth CA$61.18 (76% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+155%
Average Upside
86%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 10 CA$34.85
0%
3-Year Average 17.5 CA$61.18
+76%
5-Year Average 12.5 CA$43.53
+25%
Industry Average 25.5 CA$88.98
+155%
Country Average 18.6 CA$65.05
+87%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
CA$4.1B
/
Jan 2026
$263.7m
=
10
Current
CA$4.1B
/
Dec 2026
$407.6m
=
10
Forward
CA$4.1B
/
Dec 2027
$451.6m
=
9
Forward
CA$4.1B
/
Dec 2028
$423.1m
=
9.6
Forward
CA$4.1B
/
Dec 2029
$437.8m
=
9.3
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

Lower than 81% of companies in Canada
Percentile
19th
Based on 1 768 companies
19th percentile
10
Low
0 — 14.2
Typical Range
14.2 — 29.3
High
29.3 —
Distribution Statistics
Canada
Min 0
30th Percentile 14.2
Median 18.6
70th Percentile 29.3
Max 19 628.5

Ero Copper Corp
Glance View

Ero Copper Corp. is a Canadian mining company that digs deep into the rich, red earth of Brazil, focusing its efforts on copper, gold, and silver production. The company's operational heart beats in the lush landscapes of the Curaçá Valley, where its cornerstone asset, the MCSA Mining Complex, is located. This area is renowned for its high-grade copper deposits and Ero Copper harnesses advanced mining techniques to sustainably extract and process copper ore. The production journey starts with the extraction of ore from mines, followed by crushing, grinding, and flotation processes to produce copper concentrate. This is then sold to smelters and refiners who further process it into pure copper, a commodity in high demand for electrical equipment, construction, and renewable energy systems. Ero Copper's business strategy revolves around maximizing the value of their mineral-rich assets, adopting technologies to enhance their extraction and processing efficiency, and expanding their mineral resource base. By reinvesting in exploration and drilling programs, the company continually extends the life of its mines, thus ensuring a steady flow of output. Aside from their copper operations, Ero Copper also cultivates potential revenue streams from the byproducts of its primary production, like gold and silver, which are integral to electronics and jewelry industries. By honing in on efficient operations, robust safety practices, and sustainability measures, Ero Copper solidifies its place in the global market as a significant copper producer, riding the wave of green energy demand where copper plays an essential role.

ERO Intrinsic Value
48.08 CAD
Undervaluation 28%
Intrinsic Value
Price CA$34.85
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