Raymond James Believes Ero Copper Corp (ERO) Still Has Room to Grow


Shares of Ero Copper Corp (ERO) were revisited by a Wall Street analyst today. Raymond James’ analyst Farooq Hamed reiterates their Buy rating on the shares, with a C$22 price target.

According to TipRanks.com, Hamed has currently no stars on a ranking scale of 0-5 stars, with an average return of -10.6% and a 36.4% 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$21.50.

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 226.7K.

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 Wednesday at C$24.96, close to its 52-week high of C$25.69.

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