Copper Stocks to Watch as Price Nears Record on Tariff Concerns
Written by Emily J. Thompson, Senior Investment Analyst
Source: TipRanks
Copper Prices Surge: Copper prices are nearing record highs due to potential tariffs on imports and increased demand driven by military spending in Europe and Chinese stimulus measures, with analysts predicting a global supply shortage by 2030.
Positive Outlook for Copper Stocks: Analysts at UBS and JPMorgan have upgraded several copper companies, citing strong operational performance and expected production growth, indicating that copper stocks may continue to trade at a premium amid favorable market conditions.
Analyst Views on ERO
Wall Street analysts forecast ERO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ERO is 25.65 USD with a low forecast of 22.32 USD and a high forecast of 30.23 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 30.930
Low
22.32
Averages
25.65
High
30.23
Current: 30.930
Low
22.32
Averages
25.65
High
30.23
About ERO
Ero Copper Corp. is a copper producer with operations in Brazil. The Company's primary asset is a 99.6% interest in the Brazilian copper mining company, Mineracao Caraiba S.A. (MCSA), 100% owner of the Company's Caraiba Operations, which are located in the Curaca Valley, Bahia State, Brazil, and the Tucuma Operation, an open pit copper mine located in Para State, Brazil. The Company also owns 97.6% of NX Gold S.A. (NX Gold), which owns the Xavantina Operations, an operating gold and silver mine located in Mato Grosso State, Brazil. It also has an agreement with Vale Base Metals for a 60% interest in the Furnas Copper-Gold Project, located in the Carajas Mineral Province in Para State, Brazil. The Caraiba Operations are located in northeastern Bahia State, Brazil, approximately 385 kilometers (km) north-northwest of the capital city of Salvador. The Xavantina Operations are located in southeastern Mato Grosso State, Brazil, approximately 670 km east of the capital city of Cuiaba.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
