ERAMET's Stock Rises 2.58% to €59.60, Targeting €60.50 Resistance
The mining and metallurgical group's stock ranks among the top five gains in the SBF 120 this Monday midday, at €59.60. The increase occurs as the broader index falls by 0.83% during the session and the CAC 40 drops by 0.94%. The backdrop is marked by a surge in Brent to $103.56, amid a diplomatic deadlock between Washington and Tehran.
Fifth Place in the SBF 120 in a Pressured Parisian Market
ERAMET gains 2.58% to €59.60 at midday, ranking as the fifth highest rise in the SBF 120 behind Valneva (+11.21%), Nanobiotix (+10.62%), Teleperformance (+5.76%), and Ubisoft (+3.28%). The stock moves against a broader index that is down by 0.83%. The weekly performance is modest at +1.88%, but the three-month decline remains at 6.22%. Over one year, however, the stock shows a gain of 16.41%. The sectoral context remains marked by tensions in the Middle East. Iran has renewed its demands for the lifting of the blockade on its ports and the unblocking of frozen assets, demands rejected by Donald Trump. Brent climbs 2.24% to $103.56, fueled by concerns over the Strait of Hormuz. In China, producer prices rose by 2.8% year-on-year in April, the highest increase since July 2022, reviving concerns about imported inflation. For a mining group exposed to manganese, nickel, and lithium, the climate of tensions over raw materials forms the backdrop of the session.
Tense Technical Setup Before the General Meeting on May 27
The price moves above its three moving averages, with a gap of 7.74% over the MM20 (€55.32), 10.66% over the MM50 (€53.86), and 5.52% over the MM200 (€56.48). This setup confirms the recovery observed since the end of April, following the technical resistance breach after the target upgrade by Oddo BHF. The price is now approaching the resistance identified at €60.50, at the high end of the Bollinger bands at 86% of the width. The RSI at 57 remains neutral, with no exhaustion signal. The publication of the first quarter revenue, announced on April 23 at €840 million (+13% year-on-year), had already been integrated by the market. The headwinds identified on this occasion (unfavorable exchange rate effect of 9%, immobilization in Senegal after the fire on February 22) continue to weigh on the visibility of the exercise. The next appointment on the financial calendar is the annual general meeting, scheduled for May 27, 2026.
