BMO Capital reinstated coverage of Ero Copper (ERO) with an Outperform rating and $21 price target Shares have fallen over 50% from the highs over the last six months, but Ero is nearing commercial production at Tucuma and the firm expects the mine cash flows to rapidly improve Ero’s balance sheet, the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ERO:
- Ero Copper price target lowered to C$22.50 from C$25 at Scotiabank
- Ero Copper initiated with a Hold at Desjardins
- Ero Copper price target raised to C$28 from C$26 at Raymond James
- Ero Copper to Announce Q1 2025 Results on May 5
- Ero Copper Extends Precious Metals Agreement with Royal Gold by $50 Million
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue