Freedom Broker Downgrades Ero Copper Stock Rating to Hold

Financial analysts at Freedom Broker have downgraded Ero Copper's stock rating to 'hold' from 'buy', citing recent guidance. The company's management maintained its 2026 consolidated copper production guidance of 67.5-77.5 kt and C1 cash cost guidance of $2.15-2.35/lb, with production expected to remain second-half weighted.

The stock has surged 141% over the past year and currently trades at $35.32, near its 52-week high of $40.83. Analyst Vitaly Kononov noted that Ero Copper's P/E ratio is 11.8, and InvestingPro analysis suggests the stock remains undervalued at current levels.

Ero Copper operates in Brazil and has received an upgrade from BofA Securities, which changed its stock rating to 'buy' and increased its price target to Cdn$49.00 from Cdn$41.00.