CIBC Reaffirms Their Hold Rating on Ero Copper (ERO)

In a report released today, Bryce Adams from CIBC maintained a Hold rating on Ero Copper (EROResearch Report), with a price target of C$17.00. The company’s shares opened today at $13.11.

Adams covers the Basic Materials sector, focusing on stocks such as Teck Resources, Capstone Copper, and Ero Copper. According to TipRanks, Adams has an average return of 7.6% and a 55.32% success rate on recommended stocks.

Ero Copper has an analyst consensus of Moderate Buy, with a price target consensus of $14.34.

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The company has a one-year high of $16.72 and a one-year low of $8.07. Currently, Ero Copper has an average volume of 69.76K.

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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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