The Globe and Mail reports in its Wednesday, July 9, edition that Scotia Capital analysts Orest Wowkodaw and Eric Winmill are expecting "mixed" second quarter results from Canadian miners "driven by diverging commodity prices and varied operating performances." The Globe's David Leeder writes in the Eye On Equities column that accordingly, the duo cut their share target for Ero Copper to $25 from $26, while keeping a "sector outperform" ranking. Analysts on average target the shares at $27. Mr. Wowkodaw and Mr. Winmill say in a note: "Although many of our estimates appear well below current consensus, we expect material consensus revisions over the next two weeks. We anticipate investors to also focus on potential negative guidance revisions and select mine ramp-up updates. The large and mid-cap producers continue to trade at relatively attractive valuations as we estimate an average implied Cu price of $5.08/lb or 12 per cent above spot (vs. a 20-per-cent average premium since 2023)." On Tuesday the analysts predicted companies will have largely flat results versus the previous quarter, citing mixed commodity price trends with copper rising while iron saw a decline.