ATB Cormark Capital Markets raised its price target on Ero Copper (ERO.TO) to CA$55.00 from CA$50.00 on Wednesday.

Analyst Stefan Ioannou maintained an outperform rating on shares of the mining company.

"We recently toured Ero's mines in Brazil - all three of which showed well," Ioannou said in a note to clients.

"Further to this point, portfolio-wide 'execution' over the last several years is now well positioned to bear fruit in part through the utilization of 'in-house' developed innovative technology (AI) to enhance operational performance," the analyst said.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)