Ero Copper Price Target Raised to CA$55.00 at ATB

MT Newswires Live10-14 20:24

ATB Cormark Capital Markets raised its price target on Ero Copper (ERO.TO) to CA$55.00 from CA$50.00 on Wednesday.

Analyst Stefan Ioannou maintained an outperform rating on shares of the mining company.

"We recently toured Ero's mines in Brazil - all three of which showed well," Ioannou said in a note to clients.

"Further to this point, portfolio-wide 'execution' over the last several years is now well positioned to bear fruit in part through the utilization of 'in-house' developed innovative technology (AI) to enhance operational performance," the analyst said.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment