ERO (Ero Copper) Moat Score: 4/10 (As of Jul. 03, 2026)


ERO Ero Copper Corp ERO
91 GF Score
Price $26.21
GF Value $37.07
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Ero Copper Moat Score?

Ero Copper ERO +1.91% 91 Moat Score is 4 as of Jul. 03, 2026. GuruFocus rates ERO with a GF Score™ of 91/100 and a GF Value™ of $37.07 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,612 Metals & Mining companies, Ero Copper ranks better than 97.13% on this metric.

Ero Copper has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Ero Copper has Narrow Moat: Ero Copper has a discernible but modest moat due to its focus on copper mining, which benefits from moderate cost advantages and some regulatory barriers. However, it lacks strong brand strength, significant customer switching costs, and network effects, limiting its competitive edge.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Ero Copper might have Narrow Moat - Discernible but modest moat.

Ero Copper  (NYSE:ERO) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Ero Copper Moat Score Related Terms

ERO vs SCCO, FCX: Moat Score Comparison

For the Copper subindustry, Ero Copper's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ero Copper's Moat Score distribution charts can be found below:

* The bar in red indicates where Ero Copper's Moat Score falls into.


ERO
91GF Score
Ero Copper Corp ERO
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
Ero Copper (ERO) has a Moat Score of 4 as of Jul. 03, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Ero Copper ranks #75 out of 2612 companies in the Metals & Mining industry, placing it in the top 2.9%.
Is Ero Copper's Moat Score too high?
Ero Copper's current Moat Score is 4. The Metals & Mining industry median Moat Score is 1.00. Ero Copper's value of 4 is 300% above this industry median. Based on the distribution chart, Ero Copper ranks #75 out of 2612 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 Moat Score compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Ero Copper ranks #75 out of 2612 companies for Moat Score. This places Ero Copper in the top 3% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Ero Copper's value of 4 is 300% 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 Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,612 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ero Copper's current Moat Score of 4 is 300% 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ero Copper's current Moat Score is 4. 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 $37.07, compared to a current price of $26.21 — trading 29.3% below its estimated fair value. The current Moat Score is 4 and 300% above the Metals & Mining industry median of 1.00. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Ero Copper (ERO), the current Moat Score is 4 as of Jul. 03, 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 $26.21 is trading 29.3% below its estimated GF Value™ of $37.07. GuruFocus considers Ero Copper to be Modestly Undervalued.

Key valuation signals for ERO:

  • Moat Score: 4
  • GF Value™: $37.07 vs. price of $26.21 (29.3% below fair value)
  • GF Score™: 91/100 with 5 warning signs
  • Industry Position: 300% above the Metals & Mining median (#75 of 2612)

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 Business Description

Other Exchanges E0B:GermanyERO:Canada
Address 625 Howe Street, Suite 1050, Vancouver, BC, CAN, V6C 2T6
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

Get the complete analysis for ERO

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$26.21
Price
$37.07
GF Value