Deutsche Bank cut target for Aurubis stock to EUR 169

Published on 10/23/2026 at 10:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nine-month operating EBT rose 31.00 percent to EUR 374 million. Aurubis stock costs EUR 131.70 on October 23, 2026, 0.15 percent above Xetra close.

Guidance and reporting dates

Deutsche Bank lowered its Aurubis target from EUR 177.00 to EUR 169.00 on October 21, 2026.
Operating EBT reached EUR 374.00 million in the first nine months of fiscal year 2025/2026, up 31.00 percent.
Aurubis stock trades at EUR 131.70 at 10:00 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.15 percent above the Xetra close of October 22, 2026.
The annual report for fiscal year 2025/2026 is scheduled for December 2, 2026.

Pop-Art-Comic-Szene einer Kupferschmelze mit Halbton-Muster, dynamischen Arbeitern und Funken — Aurubis AG Kupferschmelze als leuchtender Pop-Art-Comic mit Halbtonmustern, Funken und Arbeitern, ISIN DE0006766504, Illustration mit AI erstellt.

Aurubis stock (ISIN DE0006766504) was trading at EUR 131.70 at Lang & Schwarz on October 23, 2026 at 10:00 a.m. CEST, 0.15 percent above the Xetra close of October 22, 2026 at EUR 131.50. The market is weighing stronger nine-month earnings against a lower analyst target for the copper producer.

Deutsche Bank lowers its target

On October 21, 2026, Deutsche Bank Research cut its Aurubis price target from EUR 177.00 to EUR 169.00 and kept its Hold rating, according to MarketScreener. Analyst Bastian Synagowitz cited expected strong free cash flow, while the Richmond plant ramp-up remained more challenging than expected.

Three dates frame the stock

On August 6, 2026, Aurubis reported operating EBT of EUR 374.00 million for the first nine months of fiscal year 2025/2026, up 31.00 percent from the prior-year period. On October 21, 2026, Deutsche Bank set its lower EUR 169.00 target. On October 23, 2026, the Lang & Schwarz quote stood at EUR 131.70.

What does the earnings profile mean?

The nine-month update showed revenue of EUR 17.8 billion, up 29.00 percent year over year, while operating EBITDA reached EUR 570.00 million, according to the Yahoo Finance transcript. Aurubis confirmed fiscal-year operating EBITDA guidance of EUR 700 million to EUR 800 million and operating EBT guidance of EUR 425 million to EUR 525 million, with EBT expected at the upper end. Richmond remains the counter-factor because its ramp-up has been pushed out.

Upcoming reporting dates

The annual report for fiscal year 2025/2026 is scheduled for December 2, 2026, followed by the first-quarter publication on February 4, 2027, according to the Yahoo Finance transcript.

Stock price stays near EUR 132

The modest premium to the Xetra close leaves the analyst target EUR 37.30 above the Lang & Schwarz quote. Aurubis is listed in the MDAX, according to Aurubis. The further course of trading is shown by the continuously updated real-time quote of Aurubis stock.