Eramet's Stock Slips to €54.65, Falls Below its 200-Day Average
Mid-session, the mining and metallurgical group's stock is down 1.89% at €54.65 in a sluggish Paris market. The SBF 120 is down 0.86% and the CAC 40 is down 0.76% at the same time. The stock continues the decline that started last week, ten days before its annual general meeting.
Eramet Falls Below its 200-Day Moving Average in a Market Weighed Down by Long-Term Rates
Eramet's stock is currently priced at €54.65, down 1.89% from the last close of €55.70. The stock has fallen below its 200-day moving average, which is at €56.59 (a gap of -3.43%), and is also moving away from its MM20 at €57.04. Only the MM50, at €53.82, remains as immediate support below the price. The RSI at 48 indicates a neutral zone, and the stock is positioned in the lower part of the Bollinger bands (27%), close to the lower boundary at €51.95. The technical support identified at €49.68 limits the downward movement. The decline is part of a context of significant tension in the bond markets: the yield on the 10-year U.S. Treasury exceeds 4.60%, the highest since February 2025, and the 30-year Japanese JGB reaches a record close to 4.20%. A Brent crude around $111 per barrel feeds the scenario of persistently high interest rates, penalizing rate-sensitive assets. The previous session had already ended with a 5.51% drop in the stock, as reported last Friday.
A Weekly Decline of 6% as the Annual General Meeting Approaches on May 27
Over the week, Eramet has fallen by 5.94%, and by 6.58% over three months. The performance over one year remains positive at 7.37%. The stock's rank within the SBF 120 is in the middle of the pack (97th out of 120), not among the most significant drops in the broader index at midday. The upcoming schedule is centered on the annual general meeting, set for May 27, 2026. As a reminder, during the publication of the first quarter revenue on April 23, the group had unveiled adjusted revenues of 840 million euros, up 13% year-on-year, despite a fire at the Senegalese site in February and an unfavorable exchange rate effect of 9%. According to analysts, Oddo BHF had raised its price target at the end of April, as reported in the follow-up of recommendations. The sequence of sessions since May 13 has seen the stock repeatedly hit resistance at €60.50 before retreating. The next calendar appointment remains the general meeting on May 27.
