Eramet stock abandons €43 level after confirmation of €500M capital increase
The mining and metallurgical group retreats during the session, following a press release that sets the timeline for its financial strengthening. In a nearly stable Paris market, the stock ranks among the biggest losers of the SBF 120.
Stock drops below its €43 support level after testing resistance
The Eramet share loses 1.98% to €42.66, while the SBF 120 gains 0.11% at midday. It is ranked among the biggest declines of the index. During the session, the stock rose to €45.94, above its resistance level of €45.82, before falling back below it.
It then broke through its €43 support level and remains below it, latest price at €42.64. The stock is also trading below its three moving averages: 3.90% below the 20-day MA (€44.39) and 19.95% below the 200-day MA (€53.29). Over one week, it has declined 4.99%, and 28.42% over one year.
A capital increase of €500M planned for the fourth quarter
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In a press release published on October 12 in the evening, Eramet confirmed its intention to launch, in the fourth quarter, the capital increase with preferential subscription rights of €500M announced in February. The group presents it as "essential for restoring the Group's financial situation", to strengthen its equity, comply with its banking covenants and pursue its strategy. On the analysts' consensus side, CIC Market Solutions confirmed today a price target of €47, approximately 10% above the current price.
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SectorMétaux et mines›Métaux & mines
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 1 545 millions d'euros
Quarterly revenue: 1 545 millions d'euros
EBITDA: 31 millions d'euros
EBITDA margin: 11,6 %
Net income: -195 millions d'euros
1 868 millions d'euros
Guidance from the release
Rebond de l'EBITDA au S1 2026 ; réalisation en cours du plan de financement, essentiel pour le Groupe au S2
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