Is Ero Copper Corp. (NYSE:ERO) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Ero Copper Corp. at current levels.
Tucumã is finally ramping, copper is structurally bid, and Ero trades at 6.4x forward earnings while doubling output.
Where ERO is headed
By the back half of 2027, Ero Copper looks like a different company than the one Goldman downgraded to Neutral in January. Tucumã, the Pará state operation that consumed capital and patience through 2024 and into 2025, is running at design throughput of roughly 100 million pounds of copper a year. Caraíba is grinding out its dependable 90-100 million pounds. Add in the Xavantina gold by-product credit and you have a Brazilian mid-cap producing close to 200 million pounds of copper annually at all-in sustaining costs in the $1.80-$2.20 range, into a copper price that has spent most of 2026 above $4.80/lb. Revenue growth of 83% next year is not a forecasting flourish, it is what happens when a second mine moves from commissioning drag to full contribution.
Read the full Compass Direction on ERO
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $26.26).
See the full ERO analysisGet calls like this, free
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Frequently asked questions
Is Ero Copper Corp. (NYSE:ERO) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Ero Copper Corp. at current levels. Tucumã is finally ramping, copper is structurally bid, and Ero trades at 6.4x forward earnings while doubling output.
What is ERO's Compass Score?
Ero Copper Corp. scores 90/100 on Alexandria's Compass, placing it in the "True North" tier. Scores blend eight factors and update weekly.
What is the price target for ERO?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the ERO page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.