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Ero Copper Corp
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Let's analyse Ero Copper Corp together

PenkeI guess you are interested in Ero Copper Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Ero Copper Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Ero Copper Corp (30 sec.)










What can you expect buying and holding a share of Ero Copper Corp? (30 sec.)

How much money do you get?

How much money do you get?
C$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
C$10.70
Expected worth in 1 year
C$14.21
How sure are you?
67.9%

+ What do you gain per year?

Total Gains per Share
C$3.51
Return On Investment
13.7%

For what price can you sell your share?

Current Price per Share
C$25.71
Expected price per share
C$18.67 - C$29.94
How sure are you?
50%

1. Valuation of Ero Copper Corp (5 min.)




Live pricePrice per Share (EOD)

C$25.71

2. Growth of Ero Copper Corp (5 min.)




Is Ero Copper Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$809.4m$516.9m$155.3m23.1%

How much money is Ero Copper Corp making?

Current yearPrevious yearGrowGrow %
Making money$22.9m$25.5m-$2.5m-11.3%
Net Profit Margin21.3%23.0%--

How much money comes from the company's main activities?

3. Financial Health of Ero Copper Corp (5 min.)




4. Comparing to competitors in the Copper industry (5 min.)




  Industry Rankings (Copper)  


Richest
#20 / 72

Most Revenue
#30 / 72

Most Profit
#15 / 72

What can you expect buying and holding a share of Ero Copper Corp? (5 min.)

Welcome investor! Ero Copper Corp's management wants to use your money to grow the business. In return you get a share of Ero Copper Corp.

What can you expect buying and holding a share of Ero Copper Corp?

First you should know what it really means to hold a share of Ero Copper Corp. And how you can make/lose money.

Speculation

The Price per Share of Ero Copper Corp is C$25.71. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Ero Copper Corp.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Ero Copper Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is C$10.70. Based on the TTM, the Book Value Change Per Share is C$0.88 per quarter. Based on the YOY, the Book Value Change Per Share is C$0.49 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is C$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Ero Copper Corp.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 C$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per Share
Usd Eps0.351.3%0.220.9%0.251.0%0.261.0%0.200.8%
Usd Book Value Change Per Share1.696.6%0.652.5%0.361.4%0.341.3%0.281.1%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share1.696.6%0.652.5%0.361.4%0.341.3%0.281.1%
Usd Price Per Share15.43-17.50-11.61-14.68-11.74-
Price to Earnings Ratio11.14-55.44-26.99-25.68-18.49-
Price-to-Total Gains Ratio9.12-0.68--18.89--19.07-187.55-
Price to Book Ratio1.96-2.72-2.29-6.24-5.70-
Price-to-Total Gains Ratio9.12-0.68--18.89--19.07-187.55-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share18.930273
Number of shares52
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.650.34
Usd Total Gains Per Share0.650.34
Gains per Quarter (52 shares)33.6117.85
Gains per Year (52 shares)134.4371.39
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1013412407161
202692580143132
304033920214203
405385260286274
506726600357345
608077940428416
709419280500487
80107510620571558
90121011960643629
100134413300714700

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%19.01.00.095.0%24.04.00.085.7%24.04.00.085.7%
Book Value Change Per Share3.01.00.075.0%8.04.00.066.7%14.06.00.070.0%19.08.01.067.9%19.08.01.067.9%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.028.00.0%0.00.028.00.0%
Total Gains per Share3.01.00.075.0%8.04.00.066.7%14.06.00.070.0%19.08.01.067.9%19.08.01.067.9%

Fundamentals of Ero Copper Corp

About Ero Copper Corp

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company engages in the production and sale of copper concentrate from the Caraíba operations, located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver by-products. It also holds a 99.6% interest in the Tucumã project, a copper development project located within southeastern Pará state; and holds a 97.6% interest in the Xavantina Operations located in Mato Grosso state. Ero Copper Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.

Fundamental data was last updated by Penke on 2024-03-09 05:31:02.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Ero Copper Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Ero Copper Corp earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Ero Copper Corp to the Copper industry mean.
  • A Net Profit Margin of 30.5% means that $0.31 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Ero Copper Corp:

  • The MRQ is 30.5%. The company is making a huge profit. +2
  • The TTM is 21.3%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ30.5%TTM21.3%+9.3%
TTM21.3%YOY23.0%-1.8%
TTM21.3%5Y25.3%-4.0%
5Y25.3%10Y20.3%+5.0%
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ30.5%1.5%+29.0%
TTM21.3%0.9%+20.4%
YOY23.0%3.5%+19.5%
5Y25.3%2.2%+23.1%
10Y20.3%1.1%+19.2%
1.1.2. Return on Assets

Shows how efficient Ero Copper Corp is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Ero Copper Corp to the Copper industry mean.
  • 2.4% Return on Assets means that Ero Copper Corp generated $0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Ero Copper Corp:

  • The MRQ is 2.4%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.7%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.4%TTM1.7%+0.7%
TTM1.7%YOY2.2%-0.5%
TTM1.7%5Y3.9%-2.2%
5Y3.9%10Y3.2%+0.7%
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ2.4%-0.1%+2.5%
TTM1.7%0.1%+1.6%
YOY2.2%0.4%+1.8%
5Y3.9%0.4%+3.5%
10Y3.2%-+3.2%
1.1.3. Return on Equity

Shows how efficient Ero Copper Corp is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Ero Copper Corp to the Copper industry mean.
  • 4.4% Return on Equity means Ero Copper Corp generated $0.04 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Ero Copper Corp:

  • The MRQ is 4.4%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.4%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ4.4%TTM3.4%+1.1%
TTM3.4%YOY4.9%-1.5%
TTM3.4%5Y8.1%-4.7%
5Y8.1%10Y7.1%+0.9%
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ4.4%0.2%+4.2%
TTM3.4%0.4%+3.0%
YOY4.9%1.1%+3.8%
5Y8.1%0.9%+7.2%
10Y7.1%-0.5%+7.6%

1.2. Operating Efficiency of Ero Copper Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Ero Copper Corp is operating .

  • Measures how much profit Ero Copper Corp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Ero Copper Corp to the Copper industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Ero Copper Corp:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM11.3%-11.3%
TTM11.3%YOY26.8%-15.5%
TTM11.3%5Y26.3%-15.0%
5Y26.3%10Y22.6%+3.6%
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.6%-2.6%
TTM11.3%1.7%+9.6%
YOY26.8%5.4%+21.4%
5Y26.3%4.2%+22.1%
10Y22.6%3.3%+19.3%
1.2.2. Operating Ratio

Measures how efficient Ero Copper Corp is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Copper industry mean).
  • An Operation Ratio of 1.40 means that the operating costs are $1.40 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Ero Copper Corp:

  • The MRQ is 1.395. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.266. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.395TTM1.266+0.129
TTM1.266YOY0.712+0.554
TTM1.2665Y0.720+0.546
5Y0.72010Y0.801-0.081
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3951.705-0.310
TTM1.2661.703-0.437
YOY0.7121.428-0.716
5Y0.7201.472-0.752
10Y0.8011.360-0.559

1.3. Liquidity of Ero Copper Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Ero Copper Corp is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Copper industry mean).
  • A Current Ratio of 1.15 means the company has $1.15 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Ero Copper Corp:

  • The MRQ is 1.148. The company is just able to pay all its short-term debts.
  • The TTM is 1.833. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.148TTM1.833-0.685
TTM1.833YOY4.429-2.596
TTM1.8335Y2.037-0.204
5Y2.03710Y1.719+0.318
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1481.724-0.576
TTM1.8331.735+0.098
YOY4.4292.073+2.356
5Y2.0371.914+0.123
10Y1.7192.017-0.298
1.3.2. Quick Ratio

Measures if Ero Copper Corp is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Ero Copper Corp to the Copper industry mean.
  • A Quick Ratio of 0.03 means the company can pay off $0.03 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Ero Copper Corp:

  • The MRQ is 0.033. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 1.389. The company is able to pay all its short-term debts with the most liquid assets. +1
Trends
Current periodCompared to+/- 
MRQ0.033TTM1.389-1.357
TTM1.389YOY5.191-3.802
TTM1.3895Y1.916-0.527
5Y1.91610Y1.489+0.427
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0330.649-0.616
TTM1.3890.642+0.747
YOY5.1910.912+4.279
5Y1.9160.947+0.969
10Y1.4890.982+0.507

1.4. Solvency of Ero Copper Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Ero Copper Corp assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Ero Copper Corp to Copper industry mean.
  • A Debt to Asset Ratio of 0.46 means that Ero Copper Corp assets are financed with 46.5% credit (debt) and the remaining percentage (100% - 46.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Ero Copper Corp:

  • The MRQ is 0.465. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.501. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.465TTM0.501-0.037
TTM0.501YOY0.549-0.048
TTM0.5015Y0.572-0.071
5Y0.57210Y0.595-0.023
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4650.409+0.056
TTM0.5010.393+0.108
YOY0.5490.394+0.155
5Y0.5720.405+0.167
10Y0.5950.437+0.158
1.4.2. Debt to Equity Ratio

Measures if Ero Copper Corp is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Ero Copper Corp to the Copper industry mean.
  • A Debt to Equity ratio of 87.3% means that company has $0.87 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Ero Copper Corp:

  • The MRQ is 0.873. The company is very able to pay all its debts with equity. +2
  • The TTM is 1.011. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ0.873TTM1.011-0.138
TTM1.011YOY1.227-0.216
TTM1.0115Y1.515-0.504
5Y1.51510Y1.989-0.473
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8730.707+0.166
TTM1.0110.695+0.316
YOY1.2270.678+0.549
5Y1.5150.782+0.733
10Y1.9890.799+1.190

2. Market Valuation of Ero Copper Corp

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Ero Copper Corp generates.

  • Above 15 is considered overpriced but always compare Ero Copper Corp to the Copper industry mean.
  • A PE ratio of 11.14 means the investor is paying $11.14 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Ero Copper Corp:

  • The EOD is 13.675. Based on the earnings, the company is underpriced. +1
  • The MRQ is 11.143. Based on the earnings, the company is underpriced. +1
  • The TTM is 55.443. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD13.675MRQ11.143+2.532
MRQ11.143TTM55.443-44.300
TTM55.443YOY26.992+28.451
TTM55.4435Y25.676+29.768
5Y25.67610Y18.487+7.189
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
EOD13.6750.542+13.133
MRQ11.1430.759+10.384
TTM55.4435.185+50.258
YOY26.992-3.032+30.024
5Y25.6760.990+24.686
10Y18.4878.064+10.423
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Ero Copper Corp:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-3.380+3.380
TTM-3.380YOY-12.247+8.867
TTM-3.3805Y-154.255+150.875
5Y-154.25510Y-108.856-45.399
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
MRQ--2.309+2.309
TTM-3.380-2.294-1.086
YOY-12.247-4.255-7.992
5Y-154.255-2.923-151.332
10Y-108.856-3.817-105.039
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Ero Copper Corp is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Copper industry mean).
  • A PB ratio of 1.96 means the investor is paying $1.96 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Ero Copper Corp:

  • The EOD is 2.403. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.958. Based on the equity, the company is underpriced. +1
  • The TTM is 2.722. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.403MRQ1.958+0.445
MRQ1.958TTM2.722-0.764
TTM2.722YOY2.292+0.430
TTM2.7225Y6.238-3.516
5Y6.23810Y5.696+0.542
Compared to industry (Copper)
PeriodCompanyIndustry (mean)+/- 
EOD2.4031.298+1.105
MRQ1.9581.195+0.763
TTM2.7221.511+1.211
YOY2.2921.611+0.681
5Y6.2381.524+4.714
10Y5.6961.618+4.078
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Ero Copper Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--2.2970.878+162%0.486+372%0.466+393%0.382+501%
Book Value Per Share--10.7008.904+20%6.852+56%4.786+124%3.717+188%
Current Ratio--1.1481.833-37%4.429-74%2.037-44%1.719-33%
Debt To Asset Ratio--0.4650.501-7%0.549-15%0.572-19%0.595-22%
Debt To Equity Ratio--0.8731.011-14%1.227-29%1.515-42%1.989-56%
Dividend Per Share----0%-0%-0%-0%
Eps--0.4700.304+55%0.338+39%0.357+32%0.270+74%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Market Cap2633938080.000+18%2152561340.1002436757895.025-12%1615861080.000+33%2042870787.005+5%1634050202.146+32%
Net Profit Margin--0.3050.213+44%0.230+32%0.253+21%0.203+51%
Operating Margin---0.113-100%0.268-100%0.263-100%0.226-100%
Operating Ratio--1.3951.266+10%0.712+96%0.720+94%0.801+74%
Pb Ratio2.403+19%1.9582.722-28%2.292-15%6.238-69%5.696-66%
Pe Ratio13.675+19%11.14355.443-80%26.992-59%25.676-57%18.487-40%
Price Per Share25.710+19%20.95023.770-12%15.773+33%19.938+5%15.948+31%
Price To Free Cash Flow Ratio----3.3800%-12.2470%-154.2550%-108.8560%
Price To Total Gains Ratio11.194+19%9.1220.678+1245%-18.890+307%-19.072+309%187.553-95%
Quick Ratio--0.0331.389-98%5.191-99%1.916-98%1.489-98%
Return On Assets--0.0240.017+40%0.022+7%0.039-40%0.032-26%
Return On Equity--0.0440.034+31%0.049-9%0.081-45%0.071-38%
Total Gains Per Share--2.2970.878+162%0.486+372%0.466+393%0.382+501%
Usd Book Value--809484708.144672214392.716+20%516900401.083+57%361144325.506+124%280472864.435+189%
Usd Book Value Change Per Share--1.6910.646+162%0.358+372%0.343+393%0.281+501%
Usd Book Value Per Share--7.8786.556+20%5.045+56%3.524+124%2.737+188%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.3460.224+55%0.249+39%0.263+32%0.198+74%
Usd Free Cash Flow----35351212.6270%-38115487.5190%-2223722.2490%-3570785.1780%
Usd Market Cap1939368608.304+18%1584930914.7161794184838.107-12%1189758513.204+33%1504165760.472+5%1203151163.840+32%
Usd Price Per Share18.930+19%15.42517.502-12%11.613+33%14.680+5%11.742+31%
Usd Profit--35558752.03622956108.996+55%25540849.797+39%26950967.556+32%20462885.573+74%
Usd Revenue--116436109.347106890296.750+9%106618245.092+9%97653842.896+19%82204895.103+42%
Usd Total Gains Per Share--1.6910.646+162%0.358+372%0.343+393%0.281+501%
 EOD+4 -3MRQTTM+20 -7YOY+21 -65Y+20 -710Y+19 -8

3.2. Fundamental Score

Let's check the fundamental score of Ero Copper Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1513.675
Price to Book Ratio (EOD)Between0-12.403
Net Profit Margin (MRQ)Greater than00.305
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.033
Current Ratio (MRQ)Greater than11.148
Debt to Asset Ratio (MRQ)Less than10.465
Debt to Equity Ratio (MRQ)Less than10.873
Return on Equity (MRQ)Greater than0.150.044
Return on Assets (MRQ)Greater than0.050.024
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Ero Copper Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.225
Ma 20Greater thanMa 5024.425
Ma 50Greater thanMa 10022.350
Ma 100Greater thanMa 20020.686
OpenGreater thanClose25.320
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets1,511,688
Total Liabilities702,357
Total Stockholder Equity804,250
 As reported
Total Liabilities 702,357
Total Stockholder Equity+ 804,250
Total Assets = 1,511,688

Assets

Total Assets1,511,688
Total Current Assets199,487
Long-term Assets1,312,201
Total Current Assets
Cash And Cash Equivalents 111,738
Net Receivables 5,710
Inventory 42,254
Other Current Assets 4,716
Total Current Assets  (as reported)199,487
Total Current Assets  (calculated)164,418
+/- 35,069
Long-term Assets
Property Plant Equipment 1,281,934
Long-term Assets Other 8,472
Long-term Assets  (as reported)1,312,201
Long-term Assets  (calculated)1,290,406
+/- 21,795

Liabilities & Shareholders' Equity

Total Current Liabilities173,800
Long-term Liabilities528,557
Total Stockholder Equity804,250
Total Current Liabilities
Short Long Term Debt 20,381
Accounts payable 74,877
Other Current Liabilities 563
Total Current Liabilities  (as reported)173,800
Total Current Liabilities  (calculated)95,821
+/- 77,979
Long-term Liabilities
Long term Debt 405,852
Capital Lease Obligations Min Short Term Debt19,603
Long-term Liabilities Other 8,524
Long-term Liabilities  (as reported)528,557
Long-term Liabilities  (calculated)433,979
+/- 94,578
Total Stockholder Equity
Retained Earnings 549,530
Total Stockholder Equity (as reported)804,250
Total Stockholder Equity (calculated)549,530
+/- 254,720
Other
Capital Stock271,336
Common Stock Shares Outstanding 102,748
Net Debt 314,495
Net Invested Capital 1,230,483
Net Working Capital 25,687
Property Plant and Equipment Gross 1,614,129



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-30
> Total Assets 
0
317,955
0
329,864
345,328
381,343
373,034
333,086
334,814
360,439
387,860
408,005
414,499
462,674
409,640
420,330
439,408
497,099
506,128
628,475
625,055
689,762
1,165,997
1,127,043
1,104,087
1,188,076
1,221,840
1,335,682
1,302,121
1,511,688
1,511,6881,302,1211,335,6821,221,8401,188,0761,104,0871,127,0431,165,997689,762625,055628,475506,128497,099439,408420,330409,640462,674414,499408,005387,860360,439334,814333,086373,034381,343345,328329,8640317,9550
   > Total Current Assets 
0
54,408
0
65,659
62,933
97,892
75,596
59,791
61,958
50,954
67,328
70,944
75,027
75,565
84,693
90,954
103,658
127,541
150,770
202,342
187,042
208,686
546,439
523,201
444,188
392,427
331,241
280,783
174,113
199,487
199,487174,113280,783331,241392,427444,188523,201546,439208,686187,042202,342150,770127,541103,65890,95484,69375,56575,02770,94467,32850,95461,95859,79175,59697,89262,93365,659054,4080
       Cash And Cash Equivalents 
0
18,318
0
24,767
14,916
51,098
27,072
17,092
20,493
18,941
19,488
33,481
21,716
21,485
44,338
51,617
54,341
62,508
84,574
137,655
92,646
130,129
365,465
329,292
210,244
177,702
209,908
124,382
0
111,738
111,7380124,382209,908177,702210,244329,292365,465130,12992,646137,65584,57462,50854,34151,61744,33821,48521,71633,48119,48818,94120,49317,09227,07251,09814,91624,767018,3180
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26,408
0
100,018
100,589
149,554
139,700
26,739
56,011
42,843
0
042,84356,01126,739139,700149,554100,589100,018026,40800000000000000000000
       Net Receivables 
0
504
0
3,009
4,661
3,360
3,689
10,185
4,929
9,811
20,483
9,768
26,348
24,549
17,738
13,904
24,235
34,311
38,487
30,924
36,000
39,000
40,059
58,179
45,807
32,778
45,546
12,779
10,698
5,710
5,71010,69812,77945,54632,77845,80758,17940,05939,00036,00030,92438,48734,31124,23513,90417,73824,54926,3489,76820,4839,8114,92910,1853,6893,3604,6613,00905040
       Other Current Assets 
0
30,405
0
30,654
34,393
34,956
29,866
24,952
27,336
7,557
8,531
9,033
7,241
10,154
6,127
4,870
4,226
5,226
6,681
6,591
5,923
6,725
7,169
5,059
7,407
6,673
8,283
46,201
2,949
4,716
4,7162,94946,2018,2836,6737,4075,0597,1696,7255,9236,5916,6815,2264,2264,8706,12710,1547,2419,0338,5317,55727,33624,95229,86634,95634,39330,654030,4050
   > Long-term Assets 
0
263,547
0
264,205
282,395
283,451
297,438
273,295
272,856
309,485
320,532
337,061
339,472
387,109
324,947
329,376
335,750
369,558
355,358
426,133
438,013
481,076
619,558
603,842
659,899
795,649
890,599
1,054,899
0
1,312,201
1,312,20101,054,899890,599795,649659,899603,842619,558481,076438,013426,133355,358369,558335,750329,376324,947387,109339,472337,061320,532309,485272,856273,295297,438283,451282,395264,2050263,5470
       Property Plant Equipment 
0
242,647
0
243,589
260,401
280,661
294,338
270,934
271,074
306,367
318,293
334,775
330,994
365,394
299,848
304,940
312,704
354,726
341,871
423,934
437,038
477,466
613,151
597,560
653,018
770,960
869,072
1,032,492
1,098,274
1,281,934
1,281,9341,098,2741,032,492869,072770,960653,018597,560613,151477,466437,038423,934341,871354,726312,704304,940299,848365,394330,994334,775318,293306,367271,074270,934294,338280,661260,401243,5890242,6470
       Goodwill 
0
17,768
0
17,507
18,306
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000000018,30617,507017,7680
       Long Term Investments 
0
0
0
0
0
0
0
0
644
686
0
714
1,143
1,196
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000001,1961,143714068664400000000
       Other Assets 
0
0
0
3,109
3,688
2,790
3,100
2,361
1,138
2,432
838
859
7,155
20,519
25,099
24,436
23,046
14,832
13,487
2,199
975
3,610
6,407
6,282
6,881
24,689
21,527
22,407
7,664
0
07,66422,40721,52724,6896,8816,2826,4073,6109752,19913,48714,83223,04624,43625,09920,5197,1558598382,4321,1382,3613,1002,7903,6883,109000
> Total Liabilities 
0
293,582
0
295,863
292,576
251,597
245,068
242,198
243,755
256,617
267,582
267,888
268,989
263,616
311,411
324,605
314,434
283,024
281,029
272,818
273,308
294,272
630,870
625,477
615,736
645,911
633,916
678,351
668,360
702,357
702,357668,360678,351633,916645,911615,736625,477630,870294,272273,308272,818281,029283,024314,434324,605311,411263,616268,989267,888267,582256,617243,755242,198245,068251,597292,576295,8630293,5820
   > Total Current Liabilities 
0
185,125
0
88,754
67,033
55,332
53,441
67,077
77,737
60,265
68,076
65,358
68,666
80,481
97,076
116,687
113,098
91,720
87,309
83,453
105,683
122,660
102,743
105,527
100,943
129,121
112,448
140,090
141,284
173,800
173,800141,284140,090112,448129,121100,943105,527102,743122,660105,68383,45387,30991,720113,098116,68797,07680,48168,66665,35868,07660,26577,73767,07753,44155,33267,03388,7540185,1250
       Short-term Debt 
0
108,137
162,124
7,591
4,513
5,601
9,773
16,221
23,129
10,602
14,791
13,763
14,148
22,143
22,650
28,099
19,000
13,941
8,368
8,156
7,349
9,055
14,200
21,610
13,870
21,926
16,766
0
0
0
00016,76621,92613,87021,61014,2009,0557,3498,1568,36813,94119,00028,09922,65022,14314,14813,76314,79110,60223,12916,2219,7735,6014,5137,591162,124108,1370
       Short Long Term Debt 
0
0
162,124
163,407
4,513
5,601
9,773
16,221
23,129
10,496
11,255
10,481
10,648
18,984
19,821
25,793
17,325
12,539
5,971
4,461
3,713
4,344
8,740
16,219
9,049
15,703
9,221
17,105
0
20,381
20,381017,1059,22115,7039,04916,2198,7404,3443,7134,4615,97112,53917,32525,79319,82118,98410,64810,48111,25510,49623,12916,2219,7735,6014,513163,407162,12400
       Accounts payable 
0
14,705
0
41,334
26,175
13,331
20,494
26,130
29,693
19,007
29,890
31,805
34,642
21,811
24,799
33,779
33,548
14,480
30,469
42,413
42,840
24,012
67,561
27,536
31,800
42,931
36,128
94,221
0
74,877
74,877094,22136,12842,93131,80027,53667,56124,01242,84042,41330,46914,48033,54833,77924,79921,81134,64231,80529,89019,00729,69326,13020,49413,33126,17541,334014,7050
       Other Current Liabilities 
0
43,960
0
25,072
27,016
29,543
17,834
19,408
14,642
17,383
849
1,824
2,379
22,533
39,361
43,907
47,152
49,938
35,926
18,129
32,042
79,082
8,452
42,443
40,129
47,684
43,503
19,569
0
563
563019,56943,50347,68440,12942,4438,45279,08232,04218,12935,92649,93847,15243,90739,36122,5332,3791,82484917,38314,64219,40817,83429,54327,01625,072043,9600
   > Long-term Liabilities 
0
108,457
0
207,109
225,543
196,265
191,627
175,121
166,018
196,352
199,506
202,530
200,323
183,135
214,335
207,918
201,336
191,304
193,720
189,365
167,625
171,612
528,127
519,950
514,793
516,790
521,468
533,718
0
528,557
528,5570533,718521,468516,790514,793519,950528,127171,612167,625189,365193,720191,304201,336207,918214,335183,135200,323202,530199,506196,352166,018175,121191,627196,265225,543207,1090108,4570
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
145,304
147,299
146,760
140,873
165,961
157,942
155,740
155,909
153,685
154,894
54,065
57,305
404,846
405,296
404,379
407,094
406,261
415,498
412,286
0
0412,286415,498406,261407,094404,379405,296404,84657,30554,065154,894153,685155,909155,740157,942165,961140,873146,760147,299145,3040000000000
       Other Liabilities 
0
0
0
51,293
63,845
62,700
61,455
50,150
47,497
54,720
54,202
55,231
53,563
41,203
48,374
49,976
45,596
35,395
40,035
34,471
113,560
114,307
123,281
114,654
110,414
109,696
115,207
118,220
0
0
00118,220115,207109,696110,414114,654123,281114,307113,56034,47140,03535,39545,59649,97648,37441,20353,56355,23154,20254,72047,49750,15061,45562,70063,84551,293000
> Total Stockholder Equity
0
24,778
24,778
36,427
52,559
129,989
127,732
90,739
90,770
103,526
119,828
139,511
144,928
198,223
97,846
95,216
124,105
212,703
223,447
354,556
349,432
393,057
531,821
498,384
485,083
538,592
583,931
657,331
633,761
804,250
804,250633,761657,331583,931538,592485,083498,384531,821393,057349,432354,556223,447212,703124,10595,21697,846198,223144,928139,511119,828103,52690,77090,739127,732129,98952,55936,42724,77824,7780
   Common Stock
0
27,817
0
54,819
54,813
113,050
117,312
117,386
117,721
117,944
118,626
119,473
120,027
120,492
120,921
122,819
124,747
126,152
127,676
129,152
129,679
133,072
133,787
135,240
137,972
148,055
152,273
159,873
163,131
0
0163,131159,873152,273148,055137,972135,240133,787133,072129,679129,152127,676126,152124,747122,819120,921120,492120,027119,473118,626117,944117,721117,386117,312113,05054,81354,819027,8170
   Retained Earnings Total Equity000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
7
0
-246
636
-83
1,014
-19,161
-29,221
-24,755
-24,458
-20,733
-32,150
-24,489
-72,542
-84,596
-88,698
-67,291
-89,820
-62,765
-75,338
-94,910
-8,968
-67,678
-87,456
-66,189
-59,861
0
0
0
000-59,861-66,189-87,456-67,678-8,968-94,910-75,338-62,765-89,820-67,291-88,698-84,596-72,542-24,489-32,150-20,733-24,458-24,755-29,221-19,1611,014-83636-246070
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,370
19,159
21,313
12,173
12,733
13,010
13,165
11,185
10,639
9,157
8,629
0
08,6299,15710,63911,18513,16513,01012,73312,17321,31319,15917,370000000000000000000
   Treasury Stock000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
2,750
2,942
3,011
-646
-21,631
-32,468
-28,652
-30,059
-27,369
-40,075
-33,573
-83,292
-97,277
-102,528
-82,928
-107,190
19,159
-96,651
-107,083
-21,701
-80,688
-100,621
-77,374
10,639
-12,998
-50,980
0
0-50,980-12,99810,639-77,374-100,621-80,688-21,701-107,083-96,65119,159-107,190-82,928-102,528-97,277-83,292-33,573-40,075-27,369-30,059-28,652-32,468-21,631-6463,0112,9422,750000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue427,480
Cost of Revenue-270,635
Gross Profit156,845156,845
 
Operating Income (+$)
Gross Profit156,845
Operating Expense-334,985
Operating Income92,495-178,140
 
Operating Expense (+$)
Research Development-
Selling General Administrative60,144
Selling And Marketing Expenses-
Operating Expense334,98560,144
 
Net Interest Income (+$)
Interest Income12,465
Interest Expense-12,776
Other Finance Cost-10,343
Net Interest Income-10,654
 
Pretax Income (+$)
Operating Income92,495
Net Interest Income-10,654
Other Non-Operating Income Expenses-
Income Before Tax (EBT)112,35161,985
EBIT - interestExpense = -12,776
92,804
105,580
Interest Expense12,776
Earnings Before Interest and Taxes (EBIT)-125,127
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax112,351
Tax Provision-18,047
Net Income From Continuing Ops94,30494,304
Net Income92,804
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net30,51010,654
 

Technical Analysis of Ero Copper Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Ero Copper Corp. The general trend of Ero Copper Corp is BULLISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Ero Copper Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (71.4%) Bearish trend (-71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Ero Copper Corp.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 25.93 < 26.24 < 29.94.

The bearish price targets are: 21.96 > 21.21 > 18.67.

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Ero Copper Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Ero Copper Corp. The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Ero Copper Corp Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Ero Copper Corp. The current macd is 0.95320655.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Ero Copper Corp price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Ero Copper Corp. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Ero Copper Corp price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Ero Copper Corp Daily Moving Average Convergence/Divergence (MACD) ChartEro Copper Corp Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Ero Copper Corp. The current adx is 24.99.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Ero Copper Corp shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Ero Copper Corp Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Ero Copper Corp. The current sar is 23.19.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Ero Copper Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Ero Copper Corp. The current rsi is 62.23. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Ero Copper Corp Daily Relative Strength Index (RSI) ChartEro Copper Corp Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Ero Copper Corp. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Ero Copper Corp price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Ero Copper Corp Daily Stochastic Oscillator ChartEro Copper Corp Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Ero Copper Corp. The current cci is 85.89.

Ero Copper Corp Daily Commodity Channel Index (CCI) ChartEro Copper Corp Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Ero Copper Corp. The current cmo is 27.07.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Ero Copper Corp Daily Chande Momentum Oscillator (CMO) ChartEro Copper Corp Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Ero Copper Corp. The current willr is -10.44776119.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Ero Copper Corp Daily Williams %R ChartEro Copper Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Ero Copper Corp.

Ero Copper Corp Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Ero Copper Corp. The current atr is 0.95850664.

Ero Copper Corp Daily Average True Range (ATR) ChartEro Copper Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Ero Copper Corp. The current obv is -1,954,352.

Ero Copper Corp Daily On-Balance Volume (OBV) ChartEro Copper Corp Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Ero Copper Corp. The current mfi is 59.91.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Ero Copper Corp Daily Money Flow Index (MFI) ChartEro Copper Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Ero Copper Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-21SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-23CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-24CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-13BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-14ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-04WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-10CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-29SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-30WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-13CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-01BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-06WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-15BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside

6.3. Candlestick Patterns

Ero Copper Corp Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Ero Copper Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.225
Ma 20Greater thanMa 5024.425
Ma 50Greater thanMa 10022.350
Ma 100Greater thanMa 20020.686
OpenGreater thanClose25.320
Total3/5 (60.0%)
Penke

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