Ero Copper
ERO · NYSE · Basic Materials
$34.17
+$0.91 (+2.67%) today
Market Cap
$3.56B
24h Volume
$31.9M
P/E Ratio
11.6
52w High
$40.40
52w Low
$16.97
Est. AI Revenue
5%
7-Day Sparkline (Static)
Company facts
Performance
About Ero Copper
Ero Copper is a Canadian-based copper producer with all of its operating assets in Brazil. It makes money by mining and selling copper concentrate, supplemented by gold production that helps fund its growth projects.
The Caraiba operations in Bahia are its established copper base, while the Tucuma operation in Para is its newest mine and primary growth driver. The Xavantina operations in Mato Grosso produce gold. Together they make Ero one of the few smaller listed producers offering close to pure copper exposure.
Founded in 2016 and headquartered in Vancouver, Ero Copper trades on the NYSE and the Toronto Stock Exchange. It is a young company by mining standards, built around acquiring and improving Brazilian assets rather than exploring from scratch.
Ero Copper in the AI buildout
Ero sits in the Raw Materials layer of the AI buildout. Data centers, transformers, and new transmission lines are all copper-intensive, and AI construction is adding fresh demand to a market already facing supply constraints. Ero has no direct AI customers. Its role is upstream, producing the copper units that electrification and data center construction ultimately consume. The Tucuma ramp gives it growing volume to sell into that tightening market.
ERO is tracked in Raw Materials & Mining, rated Peripheral on the AI Exposure leaderboard.
By the numbers
52-week range
ERO trades at $34.17, 73% of the way up its 52-week range of $16.97 to $40.40.
Market cap
Market capitalization is $3.56B, with an AI Exposure Score of 12 out of 100.
Valuation vs peers
Its P/E ratio of 11.6 is below the Raw Materials & Mining category median of 29.7.
Next earnings
Ero Copper is next expected to report earnings on November 3, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Ero Copper do?
Ero Copper mines copper in Brazil through its Caraiba operations in Bahia and its Tucuma operation in Para, alongside gold production from its Xavantina operations. It sells copper concentrate into global commodity markets and is headquartered in Vancouver, Canada.
How is Ero Copper exposed to AI?
Only through the copper market. AI data centers and the grid capacity they require add to copper demand, which supports prices for every producer. Supercycle rates Ero Peripheral with an AI Exposure Score of 12 out of 100.
Is ERO a pure play AI stock?
No. Ero is closer to a pure copper play than an AI play. Its performance depends on copper prices, Brazilian operating execution, and the ramp of its Tucuma mine. AI is one of several demand drivers behind the copper market it sells into.
Who leads Ero Copper?
Makko DeFilippo is Ero Copper's CEO. The company was founded in 2016, is headquartered in Vancouver, British Columbia, and runs its mining operations in Brazil, where its Caraiba and Tucuma copper assets are located.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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