Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Copper Price Inflection To 14,000 USD/Ton And Three Stocks To Play It

Copper in Focus: US Tariff Risks Fuel Stockpiling; VBM IPO Hits Roadblock

Amerigo Resources (ARG CN): Copper Factory Tailings Processor That Sweeps Upside To Shareholders

Ero Copper (ERO US): A 4.5x EV-EBITDA Pure Copper Play With Growth Is Rare

Copper Price Correction: Four Stocks To Look At

Grasberg Slips, Copper Rips: Sulfuric Acid Shortages and Diesel Costs Add Fuel

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>Copper output held at 17,315 tonnes with Tucumã throughput up 27%; Xavantina gold recovered 170% QoQ, lifting operating cash flow 49% to $137.9 million.</li>
<li>Deleveraging remains the story: net debt fell to $452.7 million (0.8x EBITDA), while copper production and cost guidance were reaffirmed for the full year.</li>
<li>Shares are up &gt;35% since our initiation in May (<a target="_blank">Ero Copper (ERO US): A 4.5x EV-EBITDA Pure Copper Play With Growth Is Rare</a>), but still 6x EV-EBITDA.</li>
</ul>


Copper output held at 17,315 tonnes with Tucumã throughput up 27%; Xavantina gold recovered 170% QoQ, lifting operating cash flow 49% to $137.9 million.
Deleveraging remains the story: net debt fell to $452.7 million (0.8x EBITDA), while copper production and cost guidance were reaffirmed for the full year.
Shares are up &gt;35% since our initiation in May (Ero Copper (ERO US): A 4.5x EV-EBITDA Pure Copper Play With Growth Is Rare), but still 6x EV-EBITDA.


Ero Copper Corp. (ERO US / ERO CN) Update: Q2 FY26 Results, Cash Inflection Confirmed

ERO Copper

Ero Copper Corp. (ERO US / ERO CN) Update: Q2 FY26 Results, Cash Inflection Confirmed