Ero Copper price target lowered to C$29 from C$33 at Jefferies

Jefferies analyst Matthew Murphy lowered the firm’s price target on Ero Copper (ERO) to C$29 from C$33 and keeps a Buy rating on the shares. The firm continues to see gold price support from central bank purchases and the Fed rate cut cycle, albeit at a slower pace than previously envisaged, and is calling for $2,658/oz gold and $4.15/lb copper in 2025, the analyst tells investors.