
ERO Stock Forecast & Price Target
ERO Analyst Ratings
Bulls say
Ero Copper is a high-margin, high-growth copper producer with strong operations in Brazil. The recently completed Furnas project is expected to increase production and lower cash costs over the medium term, significantly contributing to the company's future growth. The company's well-positioned balance sheet and projected strong free cash flow highlight the company's financial stability. Overall, the positive NAVPS impact and the company's attractive medium-term growth potential make Ero Copper a strong investment opportunity, despite negative revisions to near-term production and cost guidance.
Bears say
Ero Copper is rated as a Sector Outperform due to its attractive valuation and strong growth potential in the near future, particularly in copper and gold. However, there are concerns about delays in the Tucumã ramp-up, as the operation is not expected to reach full capacity until H2/26 due to constraints related to tailings filter press capacity. Additionally, the revised 12-month target of C$47.00 (previously C$50.00) is based on a 50/50 weighting of 6.0x average 2027E-28E EV/EBITDA and 1.7x updated 8% NAVPS estimate, indicating a potentially overvalued market price for Ero Copper's stock.
This aggregate rating is based on analysts' research of ERO Copper Corp and is not a guaranteed prediction by Public.com or investment advice.
ERO Analyst Forecast & Price Prediction
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