Ero Copper is trading 4.24% down at $35.10 in pre-market after Scotiabank downgraded the shares to Sector Perform from Outperform on October 13, citing strong recent relative outperformance.
- Shares closed at $36.65 on October 13; reporting linked the downgrade to selling pressure.
- LME copper fell 0.43% overnight, adding sector pressure, while supplied pre-market indicators were modestly positive.
- No new company announcement or earnings release was identified for October 14; third-quarter results are scheduled for November 2.