Eramet's Stock Breaks Through Resistance Following Oddo BHF's Upgrade
The mining and metallurgical group's stock is up 2.48% at €57.80 mid-session, bucking the trend of a CAC 40 that is down 1.17%. The stock has thus cleared its technical resistance of the past few weeks and recorded a nearly 10% rise over seven days. Oddo BHF raised its price target on Tuesday.
Oddo BHF Raises Target to €61 After Quarterly Report
The research firm Oddo BHF has increased its price target on ERAMET from €54 to €61, maintaining a neutral stance, on April 28. This revision followed a few days after the group reported an adjusted quarterly revenue of €840 million, up 13% year-on-year. The growth was driven by the ramp-up of the lithium plant in Argentina and by railway transportation in Gabon. The new target of €61 implies a potential upside of about 5.5% from the current price. The consensus among analysts is still under review following this revision. The next official event is the general assembly on May 27, 2026.
Stock Breaks Out of the Upper Bollinger Bands
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At €57.80, Eramet has surpassed the resistance identified at €55.90 and moved above the upper boundary of the Bollinger Bands set at €55.70, a configuration that signals sustained buying pressure in the short term. The stock has also moved back above its 200-day moving average (€56.24), after spending several weeks below it. Despite this, the three-month performance remains negative at -24.15%, reflecting the depth of the previous decline. Today's rebound occurs in a turbulent sector environment: Brent crude is around $124, its highest since March 2022, amid a prolonged blockade of the Strait of Hormuz, a context that fuels attention to commodity players without a direct causal link established with the stock movement. The RSI at 53 remains neutral. The next date on the financial calendar is the general assembly on May 27.
SectorMétaux et matières premières›Métaux non ferreux
Context
Period
Period: 3T 2025
Guidance from the release
Malgré un contexte de marché difficile, Eramet a maintenu un niveau d’activité solide, grâce à l’engagement et à l’agilité de ses équipes.
Conjoncture macroéconomique incertaine pesant sur la demande et les prix; marchés du manganèse, nickel et lithium globalement en excédent au T3 2025 avec pression sur les prix; perturbations logistiques au Gabon et incertitudes réglementaires en Indonésie.
Risks mentioned
Difficultés logistiques sur le réseau ferroviaire gabonais (Transgabonais) affectant le transport du minerai
Pression des prix et faible demande macroéconomique
Risque de non-respect du covenant de gearing au 31/12/2025 (waiver demandé)
Enquête des autorités indonésiennes sur une partie de la concession PT WBN
Opportunities identified
Montée en cadence robuste de la production de carbonate de lithium (usine Centenario) — volumes 2 080 t-LCE au T3 2025, objectif 4 - 7 kt-LCE en 2025
Rebond des volumes et chiffre d’affaires de PT WBN (forte progression des ventes externes de minerai de nickel)
Programme d’amélioration de la performance opérationnelle et financière (cash boost, optimisation capex, réduction coûts)
Ajustement du plan de capex pour préserver trésorerie (capex 2025 entre 400 M€ et 425 M€)
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