Ero Copper Stock Downgraded to 'Hold' by Wall Street Zen

Ero Copper's stock rating has been lowered by Wall Street Zen from 'buy' to 'hold'. This downgrade is part of a larger trend, as several other analysts have recently commented on ERO. Zacks Research downgraded Ero Copper from a 'hold' rating to a 'strong sell' rating in August.

Jefferies Financial Group and Weiss Ratings also reaffirmed their 'hold' ratings on shares of Ero Copper in July and June, respectively. However, Scotiabank reissued an 'outperform' rating on the stock in June, while Bradesco Corretora upgraded shares of ERO to 'outperform' in July.

Despite the mixed analyst sentiment, Ero Copper has a Moderate Buy rating among analysts, with an average price target of $32.33. The company's stock traded down 2.4% on Friday, closing at $38.88 per share.