Raymond James downgrades Ero Copper (ERO) to a Hold
In a report released today, Judith Elliott from Raymond James downgraded Ero Copper to a Hold, with a price target of C$45.00.
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According to TipRanks, Elliott is a 4-star analyst with an average return of 31.4% and a 72.73% success rate. Elliott covers the Basic Materials sector, focusing on stocks such as Hudbay Minerals, Lundin Mining, and Ero Copper.
In addition to Raymond James, Ero Copper also received a Hold from Bank of America Securities’s Guilherme Rosito in a report issued yesterday. However, today, Scotiabank maintained a Buy rating on Ero Copper (NYSE: ERO).
Based on Ero Copper’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$177.09 million and a net profit of C$35.98 million. In comparison, last year the company earned a revenue of C$124.84 million and had a net profit of C$40.86 million
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ERO in relation to earlier this year.
Read More on ERO:
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- Ero Copper price target lowered to C$47 from C$50 at Scotiabank
- Ero Copper downgraded to Neutral from Buy at BofA
- Ero Copper price target lowered to C$48 from C$55 at Canaccord
- Ero Copper Posts Record 2025 Output and Lifts 2026–2028 Production Outlook
- Ero Copper sees FY26 consolidated copper production 67,500-77,500 tonnes
