Ero Copper (NYSE: ERO)

$33.80-1.66%today

Brazilian ADR trading on the NYSE, priced in US dollars.

Market Cap: $3.53B
P/E (TTM): 11.5x
P/B: 3.2x
EPS (TTM): $2.95
Dividend Yield: —
52-Week Range: $13.37 – $39.80
Volume: 947K
Previous Close: $34.37

TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.

Performance

Today

-1.66%

1 Week

-7.50%

1 Month

+40.07%

YTD

+19.48%

1 Year

+143.69%

5 Years

+85.00%

About Ero Copper

US Ticker: ERO
B3 Ticker: —
Exchange: NYSE
Currency: USD
Sector: Basic Materials
Industry: Copper
Headquarters: Vancouver, BC, Canada
Employees: —
CEO: Mr. Makko DeFilippo
Founded: 2016

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil.

Its flagship asset includes Caraíba operations that comprise the production and sale of copper concentrates located in Bahia State, Brazil, as well as gold and silver produced and sold as by-products.

The company was incorporated in 2016 and is headquartered in Vancouver, Canada.

www.ero.com

Analyst Ratings

Consensus of 3 Wall Street analysts · sourced from Yahoo Finance

1.9Buy

On a 1–5 scale: 1 = Strong Buy, 3 = Hold, 5 = Sell. Lower is more bullish.

12-Month Price Target

Low

$33.00

Average

$35.87

High

$40.60

The average target is +6.11% above the current price of $33.80.

Financial Results

Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).

Financial Health

Margins, leverage and cash-flow quality derived from Ero Copper's income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Strong

Net Margin: 29.7%
ROE: 25.6%
Rev Growth (YoY): +30.82%
Net Debt / EBITDA: —
Current Ratio: 1.37×
Interest Coverage: —
Free Cash Flow: 153.5M
Payout Ratio: 0.0%

Income — Margins & Efficiency

Metric	Last 12MQ3'25 – Q2'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016
Revenue	$1,046,004,814	+30.8%	$799,600,618	+70.0%	$470,259,000	+10.0%	$427,480,000	+0.3%	$426,392,000	-13.0%	$489,915,000	+51.2%	$324,076,000	+13.8%	$284,843,000	+22.2%	$233,105,000	+57.2%	$148,241,000	—	—
Gross profit	$448,807,454	+29.9%	$345,512,319	+91.4%	$180,553,000	+15.1%	$156,845,000	-16.2%	$187,175,000	-41.3%	$318,858,000	+69.5%	$188,137,000	+60.7%	$117,064,000	+42.4%	$82,226,000	+356.6%	$18,007,000	+2234.2%	-$843,729
Operating income	$378,097,756	+39.9%	$270,331,887	+123.5%	$120,972,000	+27.1%	$95,198,000	-25.4%	$127,594,000	-52.9%	$271,087,000	+75.9%	$154,098,000	+96.4%	$78,455,000	+69.7%	$46,234,000	+711.6%	-$7,560,000	-38.3%	-$5,464,479
EBITDA	—	—	$498,877,874	+160.0%	$191,867,000	-13.8%	$222,618,028	+7.8%	$206,478,000	-28.8%	$289,800,000	+161.3%	$110,921,000	-20.1%	$138,833,000	+51.7%	$91,531,000	+45.3%	$63,011,423	+4054.0%	-$1,593,600
Net profit	$310,938,459	+15.9%	$268,339,611	+491.9%	-$68,475,000	-173.8%	$92,804,000	-8.9%	$101,831,000	-49.4%	$201,053,000	+289.5%	$51,622,000	-43.8%	$91,883,000	+3012.3%	-$3,155,000	-114.0%	$22,466,000	+846.5%	-$3,009,367
Gross margin	42.9%	-0.3 p.p.	43.2%	+4.8 p.p.	38.4%	+1.7 p.p.	36.7%	-7.2 p.p.	43.9%	-21.2 p.p.	65.1%	+7.0 p.p.	58.1%	+17.0 p.p.	41.1%	+5.8 p.p.	35.3%	+23.1 p.p.	12.1%	—	—
Operating margin	36.1%	+2.3 p.p.	33.8%	+8.1 p.p.	25.7%	+3.5 p.p.	22.3%	-7.7 p.p.	29.9%	-25.4 p.p.	55.3%	+7.8 p.p.	47.5%	+20.0 p.p.	27.5%	+7.7 p.p.	19.8%	+24.9 p.p.	-5.1%	—	—
EBITDA margin	—	—	62.4%	+21.6 p.p.	40.8%	-11.3 p.p.	52.1%	+3.7 p.p.	48.4%	-10.7 p.p.	59.2%	+24.9 p.p.	34.2%	-14.5 p.p.	48.7%	+9.5 p.p.	39.3%	-3.2 p.p.	42.5%	—	—
Net margin	29.7%	-3.8 p.p.	33.6%	+48.1 p.p.	-14.6%	-36.3 p.p.	21.7%	-2.2 p.p.	23.9%	-17.2 p.p.	41.0%	+25.1 p.p.	15.9%	-16.3 p.p.	32.3%	+33.6 p.p.	-1.4%	-16.5 p.p.	15.2%	—	—
Revenue growth (YoY)	30.8%	-39.2 p.p.	70.0%	+60.0 p.p.	10.0%	+9.8 p.p.	0.3%	+13.2 p.p.	-13.0%	-64.1 p.p.	51.2%	+37.4 p.p.	13.8%	-8.4 p.p.	22.2%	-35.1 p.p.	57.2%	—	—	—	—
Effective tax rate	—	—	19.4%	+9.2 p.p.	10.1%	-5.9 p.p.	16.1%	-2.4 p.p.	18.4%	+4.0 p.p.	14.5%	-0.1 p.p.	14.5%	+38.1 p.p.	-23.6%	-236.0 p.p.	212.4%	+1052.3 p.p.	-839.9%	-843.4 p.p.	3.4%
Interest coverage	—	—	16.27×	-72.3%	58.76×	+474.4%	10.23×	+46.5%	6.98×	-83.9%	43.38×	+623.9%	5.99×	-6.4%	6.41×	+113.2%	3.00×	+173.9%	1.10×	—	—

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Balance Sheet — Health & Leverage

Metric	Last 12MQ3'25 – Q2'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016
Net debt	$418,114,000	-20.5%	$525,946,111	-7.7%	$569,672,000	+70.5%	$334,098,000	+32.9%	$251,318,000	+494.1%	-$63,769,000	-159.4%	$107,342,000	-23.3%	$140,031,000	+5.1%	$133,293,000	+51.4%	$88,068,000	-38.8%	$143,806,000
Net Debt / Equity	0.34×	-38.8%	0.56×	-42.0%	0.97×	+133.6%	0.42×	-11.0%	0.47×	+387.6%	-0.16×	-132.1%	0.50×	-28.6%	0.71×	-45.1%	1.29×	+90.0%	0.68×	-88.3%	5.80×
Net Debt / EBITDA	—	—	1.05×	-64.5%	2.97×	+97.8%	1.50×	+23.3%	1.22×	+653.1%	-0.22×	-122.7%	0.97×	-4.1%	1.01×	-30.7%	1.46×	+4.2%	1.40×	+101.5%	-90.24×
Debt / Equity	0.43×	-36.6%	0.68×	-36.0%	1.06×	+90.5%	0.55×	-30.4%	0.80×	+371.8%	0.17×	-78.9%	0.80×	-2.9%	0.82×	-44.1%	1.47×	+37.4%	1.07×	-83.6%	6.54×
Current ratio	1.37×	+29.4%	1.06×	+58.2%	0.67×	-41.6%	1.15×	-62.2%	3.04×	+78.6%	1.70×	+22.4%	1.39×	+48.1%	0.94×	+11.0%	0.85×	-52.2%	1.77×	+502.0%	0.29×
Return on equity (ROE)	25.6%	-3.1 p.p.	28.7%	+40.4 p.p.	-11.7%	-23.2 p.p.	11.5%	-7.4 p.p.	18.9%	-32.2 p.p.	51.2%	+26.9 p.p.	24.3%	-22.1 p.p.	46.4%	+49.4 p.p.	-3.0%	-20.3 p.p.	17.3%	+29.4 p.p.	-12.1%
Return on assets (ROA)	14.4%	+0.5 p.p.	14.0%	+18.7 p.p.	-4.7%	-10.8 p.p.	6.1%	-2.4 p.p.	8.6%	-20.6 p.p.	29.1%	+18.8 p.p.	10.4%	-9.5 p.p.	19.9%	+20.7 p.p.	-0.9%	-6.8 p.p.	5.9%	+6.8 p.p.	-0.9%
Book value / share	$11.63	+29.7%	$8.97	+57.5%	$5.69	-32.8%	$8.48	+45.0%	$5.84	+35.2%	$4.32	+87.3%	$2.31	+6.3%	$2.17	+75.8%	$1.23	-37.4%	$1.97	+285.7%	$0.51

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Net Debt & Leverage

Free Cash Flow

Margins

Dividend Payout Ratio

Capex ÷ Revenue

Cash Conversion (operating cash flow ÷ net income)

Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.

Valuation & Dividends

P/E Ratio History

Dividend History

$0.00

Ero Copper has not paid dividends over the past decade.

Dividends and yield from Yahoo Finance (per ADR share, in US dollars). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.

Listings

Ero Copper trades on 2 exchanges. Prices on this page are the NYSE ADR (ERO).

Exchange	Ticker	Currency
NYSEpriced here	ERO	USD
Toronto (TSX)	ERO	CAD

Frequently Asked Questions

Why hold Ero Copper ERO ADR instead of local B3 shares?

Buying directly on Brazil’s B3 exchange means opening a local brokerage account, converting currency and dealing with Brazilian tax paperwork. ADRs remove that friction: they settle in dollars, follow US market hours, and report in formats foreign investors already understand.

The trade-off is that an ADR’s price reflects two moving parts: (1) the underlying share price, quoted in reais on the B3, and (2) the USD/BRL exchange rate. Because of that second part, a rising company can still deliver a flat, or even negative, dollar return if the real weakens against the dollar. The same applies to ETFs: funds such as EWZ, EWZS and FLBR bundle dozens of these companies into a single ticker for instant diversification, but their dollar value still moves with the real.

Where is Ero Copper listed?

Ero Copper trades on 2 exchanges. The line quoted on this page is NYSE in the United States (ERO, US dollars). It also trades on Toronto (TSX) in Canada (ERO, Canadian dollars).

On how many exchanges does Ero Copper trade?

2. NYSE — ERO (USD) · Toronto (TSX) — ERO (CAD). Prices shown on this page are the NYSE line, ERO.

What is Ero Copper's primary listing?

Ero Copper's primary listing is on NYSE in the United States, where it trades as ERO in US dollars — the line quoted on this page. It has no directly listed share on Brazil’s B3. The company also trades on Toronto (TSX) in Canada (ERO, Canadian dollars).

How can I buy Ero Copper stock in the United States?

Ero Copper is listed on the NYSE under ERO, priced in US dollars. Any US brokerage offering NYSE-listed securities can trade it, with no foreign-account paperwork and no currency conversion.

As of Fri, Aug 14, 17:00 BRT · Market closed

Financial data last updated: August 15, 2026

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