Where is Ero Copper Corp. (ERO) Headed According to Analysts?

Ero Copper Corp. (NYSE:ERO) is one of the best copper stocks to buy right now. Ero Copper Corp. (NYSE:ERO) received a rating update from Scotiabank on November 6, with the firm upgrading the stock to Outperform from Sector Perform and lifting the price target to  C$36 from C$33.

The firm told investors that the company’s Q3 results were weaker than the forecast, with a warning that the 2025 guidance was trending to the low end of its view. However, Scotiabank also stated that Ero Copper Corp. (NYSE:ERO) revealed the updated Xavantina reserves, along with a new gold concentrate stockpile to be monetized in the near future in a “surprise gold windfall”.

However, Stifel Nicolaus analyst Ralph M. Profiti reiterated a Hold rating on Ero Copper Corp. (NYSE:ERO) the same day, setting a price target of C$37.

Both the rating updates came after Ero Copper Corp. (NYSE:ERO) reported its fiscal Q3 2025 earnings on November 4, with the quarterly financial performance reflecting higher copper concentrate sales at the Tucumã Operation and strengthening copper and gold prices towards the end of the quarter.

In addition, consolidated copper production rose to a record 16,664 tonnes in “concentrate at a blended C1 cash cost of $2.00 per pound in Q3 2025”, demonstrating quarter-over-quarter production at Tucumã and consistent quarterly production at Caraíba.

Ero Copper Corp. (NYSE:ERO) explores, develops, and mines mineral properties in Brazil, while also producing and selling copper, gold, and silver products.

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Disclosure: None. This article is originally published at Insider Monkey.