Eramet confirms EUR 500 million raise as BofA lifts target for Eramet stock

Published on 10/13/2026 at 02:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA set a EUR 56.00 target after EUR 54.00 on October 2, 2026. Eramet stock last stood at EUR 43.42 versus its EUR 88.20 high.

Key points in brief

Eramet confirmed a EUR 500.00 million capital increase for the fourth quarter of 2026, with the French State set to become the largest shareholder.
BofA raised its Eramet target from EUR 54.00 to EUR 56.00 on October 2, 2026, while maintaining its Buy rating.
The latest Lang & Schwarz indication was EUR 43.42 on October 12, 2026, against a 52-week range of EUR 40.98 to EUR 88.20.
Eramet reported adjusted EBITDA of EUR 276.00 million for the first half of 2026, up 45.00 percent year over year.

Eramet, FR0000131757, Illustration mit AI erstellt.

Eramet (FR0000131757) confirmed a EUR 500.00 million capital increase for the fourth quarter of 2026 on October 12, 2026, while BofA raised its target from EUR 54.00 to EUR 56.00 on October 2, 2026. The latest Lang & Schwarz indication was EUR 43.42 on October 12, 2026.

EUR 500 million funding plan

According to Eramet on October 12, 2026, the rights issue is intended to restore the group financial position, strengthen equity and support its critical-metals strategy. The French State will subscribe for its 27.10 percent stake and may acquire rights from Sorame-CEIR, taking effective voting rights to a maximum of 49.00 percent.

The transaction is expected after the third-quarter sales publication and before the end of 2026, subject to market conditions and a waiver from the French market authority. FranceTransactions reported on October 12, 2026, that investors who do not participate could face dilution from the new shares.

BofA target reaches EUR 56

Ideal Investisseur reported on October 2, 2026, that BofA Securities maintained its Buy rating and lifted the Eramet target from EUR 54.00 to EUR 56.00. The new target is EUR 12.58 above the latest Lang & Schwarz indication, but the two quotations refer to different reference dates and are not a single-market return calculation.

What does the raise support?

Eramet's latest reported operating figure was adjusted EBITDA of EUR 276.00 million in the first half of 2026, up 45.00 percent from the comparable period. The figure appears on the company's investor page, which also lists 2025 adjusted turnover of EUR 3,155.00 million and adjusted free cash flow of minus EUR 481.00 million.

Three dates frame the story

On July 30, 2026, Eramet presented first-half adjusted EBITDA of EUR 276.00 million. On October 1, 2026, the group outlined a lithium expansion that would add 11.00 kt-LCE per year to existing 24.00 kt-LCE annual capacity. On October 12, 2026, the group confirmed the EUR 500.00 million rights issue and the French State investment.

Upcoming reporting dates

Eramet scheduled an analyst and investor call for October 12, 2026, and the publication of 2026 third-quarter turnover for October 29, 2026, according to GlobeNewswire on October 12, 2026.

Latest Eramet market level

The latest Lang & Schwarz indication was EUR 43.42 on October 12, 2026 at 10:58 p.m. CEST. The 52-week range was EUR 40.98 to EUR 88.20, placing the indication EUR 44.78 below the yearly high. The further course of trading is shown by the continuously updated real-time quote of Eramet stock.