$ERO

Michael Burry, known for 'The Big Short,' has invested in Ero Copper (ERO), QXO (QXO), Temple & Webster, Sprouts Farmers Market (SFM), and Zoetis (ZTS), avoiding the AI trend. He sees value in copper due to supply-demand imbalances and expects Ero's margins to expand. QXO's preferred shares offer a 7.4% yield. Temple & Webster's revenue grew 11% in FY2026, while SFM and ZTS have declined significantly.

Canadian analysts updated ratings and price targets for various companies. Enbridge (ENB) and TC Energy (TRP) received upgrades, while Evertz Technologies (ET) saw multiple target reductions. Notable changes include BCE (BCE) upgraded to BUY, Canfor (CFP) raised to STRONG BUY, and West Fraser (WFG) target increased. Several new coverages were initiated, including for Calian Group (CGY) and Skeena Resources (SKE).

Copper miners like Freeport-McMoRan (FCX) and Southern Copper (SCCO) are experiencing significant declines, with FCX down over 6% in a session and 4% in a week. Copper prices, which impact miner earnings, have pulled back, affecting equity values. Despite recent gains, the selloff highlights potential risks in the copper market, which is tied to infrastructure and technology demand.

Copper stocks fell sharply after a Reuters report indicated the White House delayed a decision on refined copper tariffs due to affordability concerns. Freeport-McMoRan, Southern Copper, and others saw significant declines. Analysts noted the impact on arbitrage and supply dynamics, with some maintaining long positions despite the drop.

North American stocks fell Tuesday amid trade tensions and Middle East concerns. The TSX dropped 1.1%, with tech stocks like Shopify and Kinaxis declining. U.S. indices also fell, with the Dow down 1.2%. Bombardier shares dropped 2.5% after Trump's comments. Qualcomm rose 3.2% on an AWS partnership. Oil prices rose, while gold fell.

Ero Copper (ERO) reported Q2 2026 revenue of $284.3 million, up 8% sequentially, and adjusted EBITDA of $144 million, up from $125.2 million, helped by higher copper prices and gold volumes. Cash flow from operations was $137.9 million. Net debt fell to $452.7 million. Guidance: copper 67,500-77,500 tonnes; mined gold 40,000-50,000 oz.

Ero Copper (NYSE: ERO) reported Q2 call highlights. At Tucumã, copper output rose 6% sequentially to 8,964 tonnes, with throughput up 27% to ~250,000 to 260,000 tonnes/month. At Xavantina, gold production rose 170% to over 20,000 oz. Q2 revenue was $284.3m; net debt fell $38m to ~$453m. 2026 mined-gold C1 guidance is $1,100-$1,350/oz and AISC $2,200-$2,700/oz.

Ero Copper Corp. (ERO) furnished an SEC Form 6-K — earnings release. TSX: ERO NYSE: ERO August 5, 2026 Ero Copper Reports Second Quarter 2026 Operating and Financial Results (all amounts in US dollars, unless otherwise noted) Vancouver, British Columbia – Ero Copper Corp. (TSX: ERO, NYSE: ERO) (“Ero” or the “Company”) is pleased to announce its op

TD Cowen analyst Mario Mendonca raised targets for Canadian insurers, citing strong equity markets and expected Q2/26 earnings growth. Great-West Lifeco (GWO) target to $98, Manulife (MFC) to $65, Sun Life (SLF) to $121, IA Financial (IAG) to $214. Stifel lifted copper price forecasts to $6.04/lb in 2026 and raised targets for CS, ERO, FM, FCX, HBM. National Bank Financial upgraded Tidewater Midstream (TWM) to Outperform.

MarketBeat reports that 17 analysts cover Ero Copper (NYSE:ERO), assigning an average “Moderate Buy” rating and a $31.50 average 12-month price target. Ten rate it “hold,” five “buy,” and two “strong buy.” Recent actions include Scotiabank restating “outperform” and Goldman cutting to “neutral” with a $31 target. ERO reported May 4 EPS of $0.69 vs $0.56 consensus on $263.2M revenue.