Ero Copper price target raised to C$33 from C$28 at Raymond James

Raymond James analyst Judith Elliott raised the firm’s price target on Ero Copper (ERO) to C$33 from C$28 and keeps an Outperform rating on the shares. The firm slightly adjusted its 2025 and 2026 copper price forecast given continuing supply challenges in the sector and continues to favor copper in the base metals complex where the firm expects growing deficits in the medium to long term, the analyst tells investors in a research note.