Freedom Broker likes Ero Copper as a short-term trade on bullish copper outlook

Freedom Broker has issued a short-term trade idea to buy shares of small-cap copper miner Ero Copper. The Freedom Broker analysts highlight the company's low production costs and expansion potential, calling it one of the most attractive “pure copper” plays as the global market heads into 2026 leaning more and more bullish.

Investors should look at buying Ero Copper shares on a two-month investment horizon, Freedom Broker believes. It targets a share price of $17.50, almost 8% higher than the last close: yesterday, September 10, the metals company ended trading at $16.26 per share, up more than 3% for the day. Today, the stock has added another 1%.

Fundamental factors and a bullish copper market will underpin share price growth both in the short and in the long term, Freedom Broker analysts explained in their note, which Oninvest has seen.

Freedom Broker’s investment case is based on the expectation that the copper market will continue to rise. This would benefit copper producers with low costs and the ability to expand capacity. Among the most attractive options is Ero Copper, Freedom Broker says.

“Its operations in Brazil are characterized by low costs, scalability, and the capacity to generate significant cash flow. The combination of near-term production growth and exploration potential makes Ero Copper one of the few global ‘pure copper’ stories,” the Freedom Broker note said.

Copper prices began climbing in early August after a deadly accident at the El Teniente mine in Chile, the world’s largest copper producer and exporter.

On the London Metal Exchange, copper is now trading at about $9,900 per ton, while December 28 contracts cost $10,290 per ton. Freedom Broker expects the metal to reach $6 per pound (about $13,230 per ton) in 2026-2027. Its analysts attribute the projected price growth to supply disruptions, limited visible reserves at key sites, and rising demand amid electrification and large-scale infrastructure projects.

In particular, they note, China’s copper imports rose 7% year over year and 8% month over month in August, with seasonal restocking expected in early 2026.

Year to date, Ero Copper shares are up 22%.

Most Wall Street analysts remain optimistic about the company’s outlook, MarketWatch data shows. Its stock has 13 “buy” ratings versus only two “hold” ratings. The average target price of $18.76 per share implies more than 15% upside from the last close.

The AI translation of this story was reviewed by a human editor.