Freedom Capital analyst Vitaly Kononov initiated coverage of Ero Copper (ERO) with a Buy rating and $32 price target The firm says the company has a high-grade, low-cost asset portfolio concentrated in Brazil, which is known for mining-friendly regulations and rich mineral endowment. With rising copper prices, Ero’s margins are expected to expand to 60%, the analyst tells investors in a research note. Freedom adds that Ero trades at a discount to its copper peers.
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