Scotiabank upgrades Ero Copper to Outperform and cuts target price to $53
Scotiabank raised its rating on Ero Copper to Sector Outperform and lowered its price target from $55 to $53, according to TradingView.
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what happened
Scotiabank analysts upgraded copper producer Ero Copper to Sector Outperform from Sector Perform. At the same time, the price target was reduced from $55 to $53, a 3.6% cut. According to TradingView, the new target implies upside of 30% from the November 2 close of $40.76.
Source: TradingView, with data provided by Benzinga.
why it matters
Analyst rating changes on individual companies happen regularly and usually affect only that company's shares, so the impact on the broader market is limited. For copper investors, the move is a view from one bank on a specific producer rather than a shift in the wider metal outlook. An upgrade and a price target are not investment advice, and decisions should reflect your own goals and risk tolerance.
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sources
- Scotiabank upgrades Ero Copper to Sector Outperform from Sector Perform, lowers price target to $53 from $55 — TradingView, 3 November 2026 at 19:21 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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