Jefferies analyst Matthew Murphy upgraded Ero Copper to Buy from Hold with an unchanged price target of C$32. The firm, which updated its model to reflect Q2 earnings, contends that recent copper price weakness offers an attractive entry point with the Tucuma project on track to achieve commercial production by the end of the quarter.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ERO:
- Ero Copper Corp Reveals Q2 2024 Financial Milestones
- Ero Copper Reports Tragic Accident at Brazil Operations
- Ero Copper Confirms Fatality in Non-Operational Area on Surface at the Caraíba Operations
- Ero Copper price target raised to C$43 from C$41 at BMO Capital
- Ero Copper Surpasses Targets with Tucumã Project