AlphaValue cuts Eramet to 'add' as 'turnaround becomes tougher'

Eramet

12/03/2026 07:22

** AlphaValue downgrades French mining group Eramet ERMT.PA to "add" from "buy", citing "disastrous" results, dividend suspension, leadership uncertainty, and tough corrective actions

** Broker slashed its EPS forecasts for FY 2026 and 2027,and cut its TP by 12% to 65.6 euros ($75.76), flagging concerns over a recent leadership exodus

** It warns "it's not worth the underlying risks, as more and/or new disappointments still cannot be ruled out" despite a recent share price sell-off

**  While AlphaValue raises its valuation for Eramet's lithium and manganese assets, it says a major uptick "remains elusive as long as EVs remain in the slow lane"

** Also, free cashflow remains a "big pain-point," and the turnaround will not be easy, potentially involving strategic asset sales, the broker adds

** Out of six analysts that cover the company, three rate it "strong buy" or "buy"​ and three rate it "hold" - LSEG data

($1 = 0.8659 euros)

 (Reporting by Jerome Terroy)

 ((jerome.terroy@thomsonreuters.com))