Stifel analyst Ralph Profiti downgraded Ero Copper (ERO) to Hold from Buy with a price target of C$37, up from C$26. The firm has adjusted its estimates to incorporate a slower Tucuma ramp-up in the second half of 2025 and 2026, lower production of Caraiba for the second half of 2025 and 2026 on more conservative mining rate and grade forecasts, and lower Xavantina gold production in the second half of this year.
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