Ero CopperERO -4.72%91 Market Cap is $2,764.6 Mil as of Jun. 24, 2026. GuruFocus rates ERO with a GF Score™ of 91/100 and a GF Value™ of $36.24 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,687 Metals & Mining companies, Ero Copper ranks better than 92.48% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Ero Copper's share price for the quarter that ended in Mar. 2026 was $26.67. Ero Copper's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 104.3 Mil. Therefore, Ero Copper's market cap for the quarter that ended in Mar. 2026 was $2,781.1 Mil.
Ero Copper's quarterly market cap
increased
from Sep. 2025 ($2,099.8 Mil) to Dec. 2025 ($2,947.6 Mil) but then
declined
from Dec. 2025 ($2,947.6 Mil) to Mar. 2026 ($2,781.1 Mil).
Ero Copper's annual market cap
declined
from Dec. 2023 ($1,622.4 Mil) to Dec. 2024 ($1,395.9 Mil) but then
increased
from Dec. 2024 ($1,395.9 Mil) to Dec. 2025 ($2,947.6 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Ero Copper's Enterprise Value for Today is $3,280.1 Mil.
Ero Copper (NYSE:ERO) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Ero Copper Market Cap Related Terms
Ero Copper Market Cap Historical Data
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The historical data trend for Ero Copper's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Copper subindustry, Ero Copper's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ero Copper Market Cap vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ero Copper's Market Cap distribution charts can be found below:
* The bar in red indicates where Ero Copper's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Ero Copper's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ero Copper (ERO) has a Market Cap of $2,764.6 Mil as of Jun. 24, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Ero Copper and its competitors. According to the industry distribution chart, Ero Copper ranks #202 out of 2687 companies in the Metals & Mining industry, placing it in the top 7.5%.
Is Ero Copper's Market Cap too high?
Ero Copper's current Market Cap is $2,764.6 Mil. The Metals & Mining industry median Market Cap is 22.28. Ero Copper's value of $2,764.6 Mil is 12310.7% above this industry median. Based on the distribution chart, Ero Copper ranks #202 out of 2687 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Ero Copper has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ero Copper's Market Cap compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Ero Copper ranks #202 out of 2687 companies for Market Cap. This places Ero Copper in the top 8% of its industry — outperforming the majority of peers. The industry median Market Cap is 22.28. Ero Copper's value of $2,764.6 Mil is 12310.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Metals & Mining company?
The median Market Cap among Metals & Mining companies is 22.28, based on 2,687 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ero Copper's current Market Cap of $2,764.6 Mil is 12310.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Ero Copper and its competitors. For the Metals & Mining industry, the median Market Cap is 22.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ero Copper's current Market Cap is $2,764.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ero Copper stock overvalued right now?
Based on GuruFocus' analysis, Ero Copper (ERO) is currently considered Modestly Undervalued. The stock's GF Value™ is $36.24, compared to a current price of $26.44 — trading 27% below its estimated fair value. The current Market Cap is $2,764.6 Mil and 12310.7% above the Metals & Mining industry median of 22.28. Ero Copper's overall GF Score™ is 91/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Ero Copper (ERO), the current Market Cap is $2,764.6 Mil as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ero Copper (ERO) Overvalued in 2026?
Based on GuruFocus' analysis, Ero Copper stock appears to be undervalued.
The current stock price of $26.44 is trading 27% below its estimated GF Value™ of $36.24.
GuruFocus considers Ero Copper to be Modestly Undervalued.
Key valuation signals for ERO:
Market Cap: $2,764.6 Mil
GF Value™: $36.24 vs. price of $26.44 (27% below fair value)
Industry Position: 12310.7% above the Metals & Mining median (#202 of 2687)
No single metric tells the full story. See the ERO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ero Copper Corp is a high-margin, high-growth copper producer with operations in Brazil. Its primary asset is its 99.6% ownership interest in Mineracao Caraiba S.A., held indirectly through its wholly-owned subsidiary. The company also owns a 97.6% ownership interest in NX Gold S.A. indirectly through its wholly-owned subsidiary. Its reporting segments include its three operating mines in Brazil, the Caraiba Operations, the Tucuma Operation, and the Xavantina Operations, and its corporate head office in Canada.
91GF Score
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