Ero Copper Corp (TSE:ERO) shares traded down 2.9% during mid-day trading on Wednesday . The stock traded as low as C$8.59 and last traded at C$8.70. 216,600 shares changed hands during mid-day trading, an increase of 171% from the average session volume of 80,029 shares. The stock had previously closed at C$8.96.
Several research analysts recently issued reports on the stock. Scotiabank increased their price target on shares of Ero Copper from C$7.00 to C$7.25 and gave the stock an “outperform” rating in a research note on Friday, December 22nd. BMO Capital Markets increased their price target on shares of Ero Copper from C$8.00 to C$9.00 in a research note on Monday, December 18th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a C$7.00 price target on shares of Ero Copper in a research note on Monday, November 6th.
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About Ero Copper
Ero Copper Corp is a Canada-based metal mining company focused on the production and sale of copper from the Vale do Cura Property in Brazil, with gold and silver produced and sold as byproducts from the Vale do Cura Property. The Company’s principal business activities since incorporation have been the acquisition of an approximately 99.5% direct interest in MCSA and, indirectly through the acquisition of MCSA, the acquisition of the Vale do Cura Property and the Boa Esperana Property, as well as the advancement of the operations of the Vale do Cura Property.
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