Eramet shares rebound 5.5%, among the strongest gains in the SBF 120
The mining and metallurgical group rebounds sharply in mid-afternoon, in a Paris market slightly oriented upward. A downgraded analyst opinion was issued during the day, but the stock takes the opposite view and settles in the upper part of the SBF 120.
A rebound that recovers the MM20 despite the target cut by Exane BNP Paribas
The Eramet share gains 5.75% to €37.88 and ranks second in the SBF 120, behind Soitec, while the index rises 0.28%.
The stock moves back above its MM20 (€36.47, a gap of 3.87%), but remains below its MM50 (€41.07) and its MM200 (€48.95), after a 16.4% decline over one month.
The rebound occurs despite Exane BNP Paribas lowering its price target from €55 to €37, with a “Neutral” rating. This new target is barely below the current price of the day: it amounts to recognizing the current level rather than promising upside potential. The full consensus is available on the analyst opinions page.
Financial strengthening and the sale of Arizaro at the center of the group's news
On November 9, the group confirmed its 2026 targets, with adjusted EBITDA expected between €540 million and €610 million, and announced an agreement to sell its Arizaro concessions in Argentina for $71 million in gross value.
In a press release dated October 12, it had also confirmed its planned €500 million capital increase with preferential subscription rights, scheduled for the fourth quarter, with the support of its reference shareholders.
The stock trades between support at €33.74 and resistance at €45.66, with an RSI of 48. Brent, at $92.89 per barrel, has fallen 12.8% since November 2.
Eramet has not published any new dated financial appointment at this stage; the implementation of the capital increase remains the file followed by the market.
