The demand for copper is likely to receive new impetus from the energy transition and from electromobility. Aurubis should benefit from this. Copper is very conductive and can therefore be used in these areas. In ten years, 6 percent of the demand for copper could come from the e-mobility sector; this share is currently less than one percent.
The DZ Bank analysts are sticking to the hold recommendation for Aurubis shares. The price target remains at EUR 61.00.
So far, Aurubis has apparently come through the crisis quite well. The latest figures also make this clear. The fourth quarter, which ended on September 30th, should also have been positive.
The analysts continue to expect earnings per share of 3.29 euros for the past financial year. In the new financial year, the plus per share should be EUR 4.65.
The analysts emphasize Aurubis’ balance sheet, saying that it is well positioned.
Aurubis shares are down 0.5 percent today to EUR 59.56.