In a report released today, Alex Terentiew from Stifel Nicolaus maintained a Hold rating on Ero Copper (ERO – Research Report), with a price target of C$30.00. The company’s shares opened today at $13.45.
According to TipRanks, Terentiew is an analyst with an average return of -8.3% and a 29.17% success rate. Terentiew covers the Basic Materials sector, focusing on stocks such as Taseko Mines, First Quantum Minerals, and Teck Resources.
The word on The Street in general, suggests a Hold analyst consensus rating for Ero Copper with a $20.50 average price target, implying a 52.42% upside from current levels. In a report released on October 23, Raymond James also maintained a Hold rating on the stock with a C$26.00 price target.
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The company has a one-year high of $24.38 and a one-year low of $9.56. Currently, Ero Copper has an average volume of 171.7K.
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Ero Copper (ERO) Company Description:
Ero Copper Corp. engages in the exploration, development, and mining of mineral properties in Brazil. It also produces and sells copper, gold, silver products, The company was founded on May 16, 2016 and is headquartered in Vancouver, Canada.
Read More on ERO:
- Ero Copper Agrees with Vale Base Metals to Enter into Earn-in Agreement for a 60% Interest in the Furnas Copper Project
- Ero Copper signs earn-in agreement for 60% interest in Furnas Copper Project
- Ero Copper price target lowered to C$26 from C$28 at Raymond James
- Ero Copper price target lowered to C$30 from C$33 at Canaccord
- Ero Copper’s Tucumã Project Achieves Major Milestone at Over 70% Physical Completion – On Track for First Copper Production in H2 2024
