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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (99019)12/2/2020 8:46:23 AM
From: Goose94Read Replies (1) of 203023
 
Ero Copper (ERO-T) high-grade copper Raymond James analyst Farooq Hamed adjusted his share target for Vancouver-based Ero Copper ($21.30) to $24 from $23 after the release of an updated life-of-mine plan on Monday for its Vale do Curaca property in Brazil.

Mr. Hamed reiterated his "outperform" call. Analysts on average target the shares at $22.97.

Mr. Hamed says in a note: "Overall, we view this latest update as a positive step in the ongoing evolution of the Curaca Valley. While the production and NAV growth resulting from this latest update are positives, we view the sanctioning of the shaft to access the Pilar Deeps as an important milestone that we expect will allow Ero Copper to deliver more high grade tonnes to the mill while also allowing the company to continue to expand the resource at depth."

Canaccord Genuity analyst Dalton Baretto kept Ero Copper at "buy" when the shares could be had for $19.86.

Mr. Hamed boosted his share target for Ero Copper to $23 from $21.50 with an unchanged "outperform" ranking.
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