Ero Copper (ERO)

• Market cap: $1.49B
• 1 day: 0.00%
• 5 days: 2.05%
• 1 month: 2.05%
• 3 months: -29.88%
• 6 months: -36.77%
• Year to date: 4.88%
• 1 year: -7.33%
• 5 years: -33.04%
• 10 years: -66.09%

About: Ero Copper Corp is a base metals mining company. It is predominantly focused on the production and sale of copper with gold and silver produced and sold as by-products. Ero's operations are segmented between its mines in Brazil, the Caraiba Operations and the Xavantina Operations, its development project, the Tucuma Project in Brazil and corporate. Majority revenue is generated from its Caraiba Operations segment which consists of mining operations and processing facilities including the Pilar and Vermelhos underground mines and the Surubim open pit mine.

Employees: 3,374

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

223% more call options, than puts

Call options by funds: $46.8M | Put options by funds: $14.5M

82% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 11

61% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 31

8% more funds holding

Funds holding: 104 [Q2] → 112 (+8) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]

2% less capital invested

Capital invested by funds: $1.55B [Q2] → $1.51B (-$31.3M) [Q3]

1.45% less ownership

Funds ownership: 66.62% [Q2] → 65.18% (-1.45%) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $19 32% upside
• Avg. target: $19 32% upside
• High target: $19 32% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Goldman Sachs Marcio Farid 0% 1-year accuracy 0 / 1 met price target

32% upside $19

Buy Initiated

2 Dec 2024