Ero Copper Receives Moderate Buy Rating Amid Increased Brokerage Coverage

Ero Copper Corp (NYSE: ERO) has received an average rating of 'Moderate Buy' from seventeen brokerages, according to Marketbeat Ratings. Analysts have assigned ratings ranging from sell to strong buy, with eight holding a hold rating and six assigning a buy rating. The average 1-year price objective among these analysts is $32.33.

Several research firms have recently commented on ERO. Jefferies Financial Group reaffirmed its 'hold' rating on shares of Ero Copper in July. Bank of America raised its rating from 'neutral' to 'buy', increasing the target price to $34.00.

The company's flagship asset is the Vale do Curaçá mining complex, a centralized processing facility with multiple underground mines. Ero Copper's primary product is copper concentrate, which it sells to smelters and end users globally.