BMO Capital analyst Jackie Przybylowski downgraded Ero Copper to Market Perform from Outperform with a price target of $24, down from $26. The company is positioned to deliver positive catalysts in 2023, but these are increasingly reflected in Ero’s share price, the analyst tells investors in a research note. BMO adds however that over the next few years, the firm sees improved optionality across the company’s flagship Caraiba asset with additional ore sources and processing options expected.
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