Ero Copper digs copper ore out of Brazil's Curaçá Valley and sells it as concentrate, with gold and silver as bonus byproducts. Think of it as a mining machine that turns rock into wiring metal.
Money comes from selling copper concentrate, with gross margins around 43% and net margins near 30% in 2025. Revenue hit USD 0.80B in 2025, up from USD 0.47B in 2024, showing a growing, commodity-priced business.
Ero's edge is its high-grade, low-cost MCSA mine in Brazil, which is hard to replicate quickly. But copper prices are set globally, so competitors like Freeport-McMoRan and BHP can't be undercut, and any price drop hits profits directly. moat_level: weak
Key events, in time order
第二季度实现汇兑对冲收益$20百万，预计全年对冲收益为$40-45百万。
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Ero Copper is trading cheaply against its earnings, with a fair value significantly higher than its current price, suggesting a bullish outlook.
Main discussion
Different voices
Trader's glance - $ERO $39.42. 🟢 𝘾𝙝𝙚𝙖𝙥 against its earnings. Ero Copper works in the exploration, development, and production of mining projects in Brazil. It trades at 13x earnings, 8x on next year's. Copper miners usually get 13x. Fair sits $54.73 to $69.66. That's 13x next yea
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RT @bobjshine: Shout out to @VolumeLeaders for the data and the levels. Was looking for an entry into $ERO after positive ER. Bought into…
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