Aurubis Stock Price Drops Today – Analysis and Outlook
Aurubis, a leading integrated copper company and the world’s largest copper recycler, is currently experiencing a decline in its stock price. As of the latest update, the stock is trading at 64.10 Euro, representing a decrease of 0.31 percent. Investors are currently paying 64.10 Euro per share at the stock market.
Comparatively, Aurubis is not performing as well as the overall market. The MDAX index is currently up by 0.07 percent from the previous day’s closing, standing at 24,544 points. While today’s stock price for Aurubis is not the lowest in its trading history, it is worth noting that the stock was valued at 55.80 Euro less on June 2, 2003.
About Aurubis:
Aurubis AG, established in 1866 as Norddeutsche Affinerie, is headquartered in Hamburg, Germany. The company operates as an integrated copper company with production facilities in Hamburg and acquired additional sites through the Cumerio acquisition in 2008. In the last fiscal year, Aurubis reported a profit of 164.91 million Euros and a revenue of 17.06 billion Euros.
Competitors Comparison:
Here is how Aurubis compares to some of its competitors in the industry:
– Aurubis: 64.10 Euro, Performance: 0.31%
– Freeport-McMoRan: 38.55 Euro, Performance: +1.34%
– Nyrstar NV: 0.05 Euro, Performance: 0.00%
– Southern Copper: 92.84 Euro, Performance: +0.78%
– Wheaton Precious Metals: 52.96 Euro, Performance: +1.22%
Analyst Insights:
Recent analysis on Aurubis stock by DZ Bank has adjusted the fair value to 80 Euro from 90 Euro following the third-quarter results. Despite the slightly weaker than expected performance, the bank maintains a „Buy“ rating on the stock. Analyst Dirk Schlamp highlighted potential opportunities from the upcoming launch of a new recycling facility in the USA.
In conclusion, while Aurubis stock is currently facing a decline, analysts remain optimistic about the company’s future prospects. Investors should keep an eye on upcoming developments and industry trends to make informed decisions regarding their investment in Aurubis.