Eramet shares, bottom of the SBF 120, fall 5% after Exane BNP Paribas cuts its target
The mining and metallurgy group turns red at midday, while the Paris Bourse is well oriented. It drops from the top to the bottom of the SBF 120 ranking in twenty-four hours, in a context of target price adjustments by analysts.
A decline that wipes out the previous day's rebound and places Eramet last in the SBF 120
Eramet falls 4.83% to €36.62 during the session, while the CAC 40 gains 0.74% and the SBF 120 gains 0.70%. The stock thus becomes the index's laggard, whereas the previous day it was among the strongest gainers in the SBF 120 with a 5.5% jump.
The move brings the price back to its 20-day moving average (MM20, €36.50), which it had recovered during the rebound. The 50-day moving average (MM50) stands at €40.92, i.e. 10.5% above the current price, and the stock has lost 19.2% over one month. The support at €33.74 is 7.9% below the current price.
CIC lowers its target to €46 and Exane BNP Paribas cuts its own to €37
Two firms have revised their price targets within two days. CIC Market Solutions, which maintains its “hold” rating, lowers its target from €47 to €46 this Thursday.
The previous day, Exane BNP Paribas cut its target from €55 to €37 with a “neutral” rating, placing the target just above the day's share price.
The analysts' consensus on the stock is detailed on the dedicated analyst opinions page. Today's decline comes three days after the group confirmed its 2026 objectives, with adjusted EBITDA expected between €540 million and €610 million, and the agreement to sell the Arizaro concessions for $71 million.
