Barclays Reaffirms Their Hold Rating on Ero Copper (ERO)

Barclays analyst Matt Murphy maintained a Hold rating on Ero Copper (EROResearch Report) today and set a price target of C$19.00. The company’s shares opened today at $11.94.

Murphy covers the Basic Materials sector, focusing on stocks such as Newmont Mining, Royal Gold, and Teck Resources. According to TipRanks, Murphy has an average return of 11.6% and a 64.18% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ero Copper with a $14.54 average price target, representing a 21.78% upside. In a report released on November 2, CIBC also downgraded the stock to a Hold with a C$18.00 price target.

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ERO market cap is currently $1.08B and has a P/E ratio of 7.71.

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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.

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