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On Thursday, Deutsche Bank (ETR:DBKGn) adjusted its price target for Aurubis AG (ETR:NAFG) (NDA:GR) (OTC:AIAGF), a leading copper producer, reducing it to EUR85.00 from the previous EUR88.00. Despite this change, the firm maintained its Hold rating on the company’s shares.
The revision in the price target comes as Aurubis AG prepares to release its second-quarter financial results. Deutsche Bank analysts, including Bastian Synagowitz, anticipate a sequential decline in earnings before taxes (EBT). This expected decrease is attributed to the impact of a lower treatment and refining charges (TC/RC) benchmark, as well as ongoing productivity issues at the Hamburg smelter.
Despite these challenges, the analysts noted that Aurubis AG could still see positive contributions from its sulfuric acid and metals segments. However, the anticipated declines have led Deutsche Bank to revise its fiscal year 2025 to 2027 earnings before interest, taxes, depreciation, and amortization (EBITDA) estimates downwards by 2-5%.
The price target adjustment reflects the near-term headwinds faced by Aurubis AG, as the firm navigates through the industry-specific challenges. As the company approaches its earnings report, investors will be looking closely at how these factors have influenced its financial performance.
The outlook for Aurubis AG, as suggested by Deutsche Bank’s maintained Hold rating, indicates a neutral stance towards the company’s stock at this juncture. Shareholders and potential investors in Aurubis AG will likely consider these revised expectations as they assess the company’s value and future prospects.
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