Eramet stock breaks through its €35.32 support level and slides another 3.5%
The mining and metallurgical group extends its series of declines mid-morning, in a Paris market also well-oriented downward. The stock sinks below all its reference points for the year, just days before its quarterly publication.
A one-year floor gives way and the stock loses 21% in one month
The Eramet stock declines 3.61% to €35.26 and falls below its lowest point of the last 250 sessions, set at €35.32, which has now become a resistance level. This level also corresponded to the thresholds for 30 and 150 sessions, all broken through at once. The decline is part of a continuous downward trend: the stock abandons 21.22% over one month and 9.31% over the week.
The price is now 14.81% below its 20-day moving average and 32.40% below its 200-day moving average. The RSI at 29 remains close to the oversold zone, while the stock ranks among the lowest in the SBF 120, which declines 1.49% at the same time. The six-year low had already been touched earlier in the week.
A capital increase of €500 million confirmed for the fourth quarter
Eramet confirmed on October 12 its capital increase project with preferential subscription rights, in the amount of €500 million, which it considers essential for restoring its financial situation. During the publication of H1 2026, on July 29, the group highlighted the rebound in its EBITDA and the ongoing implementation of its financing plan, which it presented as essential for the second half. The 10-year OAT, at 4.99% according to the Bank of France report of October 21, is weighing on the entire Paris exchange, in a market where the CAC 40 declines 1.53%. Third quarter 2026 revenue will be published on October 29.
