Eramet confirms EUR 500 million raise for Eramet stock

Published on 10/20/2026 at 14:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The French state will become Eramet's largest shareholder after the EUR 500 million rights issue. Eramet stock costs EUR 34.19 on October 20, 2026.

Capital plan and valuation

Eramet confirmed a EUR 500 million rights issue on October 12, 2026.
BofA Securities maintained a EUR 56.00 price target on October 13, 2026.
Eramet stock traded at EUR 34.19 at 1:59 p.m. CEST at Lang & Schwarz on October 20, 2026.

Eramet, FR0000131757, Illustration mit AI erstellt.

Eramet (ISIN FR0000131757) was trading at EUR 34.19 at Lang & Schwarz on October 20, 2026 at 1:59 p.m. CEST. On October 12, 2026, Eramet confirmed plans for a EUR 500 million rights issue in the fourth quarter of 2026, with the French state set to become the largest shareholder.

Three funding milestones

The financing plan follows a difficult financial period. On February 18, 2026, Eramet's investor page showed 2025 adjusted turnover of EUR 3.2 billion, adjusted EBITDA of EUR 372.0 million and adjusted free cash flow of minus EUR 481.0 million. On October 1, 2026, Yahoo Finance reported that Eramet planned a potential USD 350.0 million expansion at its Centenario-Ratones lithium operation. The October 12 rights issue confirmation was the third dated step, with the transaction intended to strengthen equity and support bank-covenant compliance.

What does the plan mean for funding?

The company said the French state's effective voting rights would not exceed 49.00 percent at a general meeting. Eramet also said that failure to complete the transaction by mid-2027 would complicate refinancing debt coming due in the short term. The structure therefore links the EUR 500 million raise to both balance-sheet support and the group's critical-metals strategy.

Analyst target and next date

On October 13, 2026, Investing.com reported that BofA Securities reiterated its Buy rating and EUR 56.00 price target, a valuation that already assumes EUR 500 million of new equity. The next dated company event is October 29, 2026, when Eramet is scheduled to publish group third-quarter turnover, according to the October 12 release.

Trading level and investor view

The financing announcement gives Eramet's stock a concrete capital structure issue to absorb before the third-quarter update. The analyst target and the planned timetable place execution, funding conditions and operating turnover on the same investor calendar. The stock was trading at EUR 34.19 at Lang & Schwarz on October 20, 2026 at 1:59 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Eramet stock.