
Ero Copper currently trades at a trailing P/E of just 10.4×—a discount to most of its peers. Setbacks and temporarily inflated gold earnings help explain why. Ero's underlying business is improving—copper production is expected to grow approximately 32% by 2028, while declining debt, operational improvements, and cost savings strengthen Ero's position. Significant copper production growth is forecast, with 2028 guidance targeting 80,000–90,000 tonnes, and free cash flow is highly sensitive to copper prices and capex discipline.










