The Materials sector company, Ero Copper Corp (ERO), has received a rating update from a Wall Street analyst yesterday. Analyst Raphael de Souza from CIBC rated Ero Copper Corp (ERO) a Hold, setting a C$25 price target.
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Currently, the analyst consensus on Ero Copper Corp is a Moderate Buy with an average price target of C$22.20, implying a 6.5% upside from current levels. In a report issued on July 31, PI Financial also reiterated a Hold rating on the stock with a C$22.50 price target.
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The company has a one-year high of C$25.69 and a one-year low of C$7.62. Currently, Ero Copper Corp has an average volume of 228.5K.
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$20.85.
