# Ero Copper Corp. (ERO)

> Source: Nexqual · https://nexqual.com/ERO · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Ero Copper Corp. (ERO), nexqual.com/ERO" · informational, not investment advice.

**Price:** USD 30.13 (-5.81% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 31.99 · day 29.93–31.09 · 52w 19.1–40.83 · market cap $3.14B · NYQ

## Key facts
- 2 of 80 tracked superinvestors hold ERO (13F, Q2 2026): 0 new, 0 added, 2 reduced, 0 unchanged.
- Analysts: Buy (mean 2.44 on a 1–5 scale) (18 analysts), mean target USD 42.4 (range 35–49).
- Total return with dividends: 1Y +46.7% vs S&P 500 +14.9%; 5Y +52.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 1, revenue estimate $475M.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold ERO. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Van Den Berg Management I |  | 0.19% | $893K | Reduced -0.6% |
| Polen Capital | Polen Capital Management | 0.01% | $1.7M | Reduced -10.8% |

## Analysts
Consensus Buy (mean 2.44 on a 1–5 scale), 18 analysts; mean target USD 42.4 (low 35, high 49).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-16 | B of A Securities | Upgrade | Neutral → Buy | $30 → $34 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +46.7% | +52.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +46.9% | +8.8% |
| Volatility (annualized) | 62.7% | 54.8% |
| Max drawdown | -38.0% (Jan 2026→Mar 2026) | -58.5% (May 2024→Mar 2025) |

## Peers (Copper)
TGB (Trekor Metals Limited) USD 7.3 -8.29% · IE (Ivanhoe Electric Inc.) USD 7.89 -7.07% · HBM (Hudbay Minerals Inc.) USD 21.89 -8.75% · TECK (Teck Resources Ltd) USD 58.9 -6.18% · FCX (Freeport-McMoRan, Inc.) USD 64.59 -6.26% · SCCO (Southern Copper Corporation) USD 183.59 -7.31%

## More
Full page: https://nexqual.com/ERO · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.00 | $1.17 | -14.2% | $474.5M | 11 |
| Next quarter (ends 2026-12-31) | $1.28 | $1.18 | +8.8% | $472.0M | 6 |
| Current fiscal year (ends 2026-12-31) | $4.00 | $3.77 | +6.2% | $1.78B | 13 |
| Next fiscal year (ends 2027-12-31) | $4.93 | $4.72 | +4.3% | $1.94B | 13 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-02): ±15.1%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 68.0% | ±15.1% |
| 2026-12-18 | 56 | 61.2% | ±19.0% |
| 2027-01-15 | 84 | 59.7% | ±22.6% |
| 2027-03-19 | 147 | 59.3% | ±29.5% |
| 2027-04-16 | 175 | 58.5% | ±31.8% |
| 2027-06-17 | 237 | 59.1% | ±37.2% |
| 2027-09-17 | 329 | 59.7% | ±43.9% |