New York, Jan 25, 2026, 09:51 EST — Market closed
- Shares of Ero Copper ended Friday at $32.84, gaining $1.93 after hitting a session high of $33.45
- Copper prices continue to react sharply to U.S. tariff news, a crucial variable for mining companies
- The company’s upcoming conference in Toronto this week has investors on alert
Ero Copper Corp (ERO.N) closed Friday up 6.2% at $32.84, after bouncing between $31.17 and $33.45. With U.S. markets closed Sunday, traders are gearing up for Monday to see if the late-week surge has legs.
Copper’s price surge is entangled with politics. Goldman Sachs Research flagged on Friday that the record copper prices likely won’t hold through the year, pending clearer signals on U.S. refined-copper tariffs — import taxes on processed copper that can alter trade flows and pricing. Analyst Eoin Dinsmore noted, “We do not expect the price above $13,000 to be sustained.” (Goldman Sachs)
Timing is key for Ero as it returns to the investor-conference scene. The company’s events calendar shows it took part in the CIBC Western Institutional Investor Conference in Whistler from Jan. 21-23, then heads to the TD Securities Global Mining Conference in Toronto on Jan. 27-29. (Ero IR)
Friday saw heavier trading volume, with the stock exchanging hands above its typical range and breaking past the highs set earlier this month, MarketBeat reported. (MarketBeat)
The stock is back in focus as analysts and investors reconsider copper exposure and the impact of a sustained higher copper price on balance sheets and growth strategies. A “price target” reflects where an analyst expects the stock to land within a year, not a promise.
Ero, based in Canada, concentrates on copper and gold mining in Brazil. The company’s portfolio features both producing assets and development projects, according to its website. (Ero IR)
The trade remains volatile. Canada’s main index hit a record close Friday, boosted by metals lifting the materials sector. Yet, that Reuters report also flagged sharp swings during the week, driven by tariff news. Such choppy action can swing either way for copper-related stocks. (Reuters)
Early in the week, eyes will be on copper to see if it can maintain its recent gains. Investors will also parse any signals from Washington on potential moves regarding refined-copper tariffs. Conference buzz could provide new insights into costs, production ramp-ups, and capital expenditure plans.
