Eramet Shares Gain 4.62% Marking a Week at +13.44% Against the CAC 40 Trend
The mining and metallurgical group's stock continues its rebound in mid-afternoon, moving against a CAC 40 that is down by 0.76% during the session. The increase brings the weekly performance to 13.44%, while the Paris index falls under the pressure of oil tensions. The annual general meeting is scheduled for May 27.
An Upward Trend that Distances the Stock from its Moving Averages
Eramet gains 4.62% to €61.20 in mid-afternoon, in a Parisian market trending downwards. This movement extends the sequence that began in late April, when the stock had broken through its resistance after Oddo BHF raised its target. The price is now significantly above the upper Bollinger Band limit, set at €55.70, representing a gap close to 9.9%. This configuration indicates a marked overbought situation and a clear break from the dynamics of the previous weeks. The MM50 at €53.38 and the MM200 at €56.24 are both below today's price, marking a shift from the downward trend of the last three months (-11.37%). The RSI at 53 remains in the neutral zone, indicating that the very recent rebound has not yet generated strong tension on this indicator. The identified resistance at €55.90 has been clearly surpassed. The support at €47.18, tested in early April, is no longer in the immediate horizon.
Mining Background and Financial Calendar
The rebound occurs in a tense commodities environment, with Brent crude trading around $108.36 amid tensions in the Strait of Hormuz. The ECB also kept its key interest rates unchanged on April 30, while simultaneously signaling an intensification of risks on inflation and growth. The stock is historically sensitive to inflation in the euro zone, currently at 3.0% year-on-year, and to French growth, at 0.0% last quarter. Operationally, during the announcement of the first quarter 2026 revenue, the group reported adjusted revenues of €840 million, up 13%. In Q3 2025, the company adjusted its annual guidance, with manganese ore volumes brought down to 6.1-6.3 Mt and an expected FOB cash cost between $2.3 and $2.4/dmtu. The ramp-up of Argentine lithium carbonate production (2,080 t-LCE produced in Q3) was presented as an operational driver. The next official appointment on the calendar is the general meeting on May 27, 2026.
