Ero Copper Corp. $ERO reported strong second-quarter 2026 results, with revenue rising 73.88% year over year to $284.3 million. Gross profit climbed 80.45% to $121.4 million, while operating profit more than doubled, increasing 124.79% to $107.8 million.
Bottom-line performance also improved, with net income attributable to common shareholders up 26.92% to $89.5 million, and diluted earnings per share rising 25.19% to $0.85. Cash from operating activities advanced 52.75% to $137.9 million, reflecting solid operating momentum during the quarter.
- Revenue: $284.3 million, up 73.88%
- Gross profit: $121.4 million, up 80.45%
- Operating profit: $107.8 million, up 124.79%
- Net income: $89.5 million, up 26.92%
- Diluted EPS: $0.85, up 25.19%
On the balance sheet and cash flow side, Ero Copper ended the period with $101.7 million in cash and cash equivalents, while total liabilities were $937.2 million. Capital spending remained significant, with purchases of property, plant and equipment totaling $86.0 million.
The shares slipped 1.41% after the market close following the release.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Ero Copper Corp. Hedge Fund Activity
We have seen 120 institutional investors add shares of Ero Copper Corp. stock to their portfolio, and 72 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ removed 3,833,352 shares (-83.4%) from their portfolio in Q1 2026, for an estimated $102,235,497
- FMR LLC removed 2,325,735 shares (-19.5%) from their portfolio in Q1 2026, for an estimated $62,027,352
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 1,330,663 shares (+613.3%) to their portfolio in Q2 2026, for an estimated $35,595,235
- MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. added 1,273,099 shares (+41.4%) to their portfolio in Q1 2026, for an estimated $33,953,550
- FIL LTD removed 1,204,205 shares (-10.3%) from their portfolio in Q1 2026, for an estimated $32,116,147
- HILLSDALE INVESTMENT MANAGEMENT INC. removed 991,365 shares (-58.8%) from their portfolio in Q1 2026, for an estimated $26,439,704
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 955,487 shares (+4913.8%) to their portfolio in Q1 2026, for an estimated $25,482,838
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Ero Copper Corp. Price Targets
Multiple analysts have issued price targets for $ERO recently. We have seen 4 analysts offer price targets for $ERO in the last 6 months, with a median target of $46.5.
Here are some recent targets:
- Fahad Tariq from Jefferies set a target price of $42.0 on 07/06/2026
- Orest Wowkodaw from Scotiabank set a target price of $55.0 on 06/15/2026
- Dalton Baretto from Canaccord Genuity set a target price of $51.0 on 04/21/2026
- Marcio Farid from Goldman Sachs set a target price of $31.0 on 04/14/2026
