Support at €37.24 pierced during session: Eramet share extends weekly decline
The mining and metallurgical group loses ground mid-session, while the Paris Stock Exchange remains slightly upward oriented. The stock ranks among the weakest performers in the SBF 120, just days after confirmation of its financial strengthening project.
A stock that returns to contact with its support following the capital increase confirmation
The Eramet share fell 3.65% to €37.46, among the largest declines in the SBF 120, while the index gained 0.21%. The stock breached its support level at €37.24 during the session, reaching a low of €37.20, before rebounding above it. The RSI at 31.58 remains close to the oversold zone, while the price stands 14.6% below the 20-day moving average.
Over one week, the decline reached 17.45%, following the group's confirmation of its €500 million capital increase in the fourth quarter, a project initially announced in February 2026 and confirmed by press release on October 12 in the evening. Over twelve months, the loss stands at 38.54%.
Analyst consensus at €47 and a capital increase project still under preparation
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The group presents this operation with preferential subscription rights as "essential to restore the Group's financial situation". It is intended to strengthen its equity and ensure compliance with its banking covenants. On October 13, CIC Market Solutions maintained its hold rating with a price target of €47, representing an upside potential of approximately 25% compared to the current price. For all analyst opinions, the latest position therefore remains neutral.
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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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