#5 - Ero Copper (NYSE:ERO)
Ero Copper Corp. (NYSE: ERO) stock is trading under $20 but holds significant upside potential due to the expected rise in copper demand over the next decade. This increased demand is driven by applications such as electric vehicles (EVs) and data centers.
ERO stock along with many copper stocks underperformed the market in 2024. It didn’t help that the company was in the middle of a capital expenditure plan. Increasing production at a time of falling copper prices makes for tough math.
However, with copper prices expected to rise, Ero Copper is poised to benefit from its investments, and investors will also note that the company also mines for gold. This is why analysts have given ERO stock a Buy rating with a price target that gives investors an 83% upside in the next 12 to 18 months.
About Ero Copper
Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.
Read More - Current Price
- $13.89
- Consensus Rating
- Buy
- Ratings Breakdown
- 8 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $26.33 (89.6% Upside)
