Ero Copper Corp (ERO) has received a rating update from a Wall Street analyst today. The company received a Buy rating from Raymond James’ analyst Farooq Hamed, with a C$22 price target.
According to TipRanks.com, Hamed is ranked 0 out of 5 stars with an average return of -13.0% and a 35.9% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals Ltd, Detour Gold Corporation, and Hudbay Minerals Inc.
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Ero Copper Corp has an analyst consensus of Moderate Buy, with a price target consensus of C$21.17, a 1.6% upside from current levels. In a report released yesterday, Canaccord Genuity also reiterated a Buy rating on the stock with a C$24 price target.
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The company has a one-year high of C$20.93 and a one-year low of C$7.62. Currently, Ero Copper Corp has an average volume of 213.8K.
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.
The company’s shares closed on Friday at C$20.84, close to its 52-week high of C$20.93.
