The Globe and Mail reports in its Tuesday, Nov. 21, edition that Scotia Capital analyst Orest Wowkodaw is keeping his "sector perform" call on Ero Copper intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Wowkodaw gave his share target a $2 trim to $22. Analysts on average target the shares at $24.82. After "another weak quarter," Mr. Wowkodaw sees near-term uncertainty lingering in the copper market, believing equity performance remains tied to movement in the metal's price. Mr. Wowkodaw says in a note: "All copper equities are likely to move higher if Cu prices improve, or lower if Cu prices weaken. While more modest than last quarter, valuation multiples remain somewhat elevated in the context of current spot prices. However, this is likely supported by the very constructive medium to long term fundamental picture, the energy transition thematic, and by ongoing M&A speculation. We note that margins for most producers remain solid (spot Cu of $3.70 per pound vs. average AISC of $2.46 per pound) although FCF generation appears muted." The Globe reported on Nov. 7 that Mr. Wowkodaw rated Ero Copper "sector perform" when it could be had for $16.41.