CIBC Sticks to Their Hold Rating for Ero Copper (ERO)
In a report released today, Anita Soni from CIBC maintained a Hold rating on Ero Copper, with a price target of C$52.00.
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Soni covers the Basic Materials sector, focusing on stocks such as Equinox Gold, Hudbay Minerals, and IAMGOLD. According to TipRanks, Soni has an average return of 28.5% and a 62.70% success rate on recommended stocks.
In addition to CIBC, Ero Copper also received a Hold from TipRanks – OpenAI’s OpenAI Copper in a report issued today. However, on the same day, TipRanks – xAI reiterated 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 84 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 Sets March 5 Release Date for Q4 and Full-Year 2025 Results
- Ero Copper price target raised to C$55 from C$48 at Canaccord
- Ero Copper price target raised to C$50 from C$45 at Scotiabank
- Ero Copper price target raised to C$47 from C$40 at Raymond James
- Ero Copper price target raised to $33 from $25 at Goldman Sachs
