Deutsche Bank cuts Aurubis target to EUR 169: Aurubis stock falls 3.88 percent

Published on 10/22/2026 at 09:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nine-month operating EBT rose 31.00 percent to EUR 374.00 million. Aurubis stock costs EUR 135.05 on October 22, 2026 against EUR 140.50 Xetra close.

Analyst caution meets stronger operations

Deutsche Bank Research cut its Aurubis target from EUR 177.00 to EUR 169.00 on October 21, 2026.
Nine-month revenue for fiscal year 2025/26 rose 29.00 percent to EUR 17,769.00 million.
Aurubis stock trades at EUR 135.05 at 9:45 a.m. CEST at Lang & Schwarz on October 22, 2026, 3.88 percent below the Xetra close of October 21, 2026.

Aquarell des Hamburger Hafens mit Kupferhütten-Schornsteinen und Elbe-Reflexionen — Aurubis AG Hamburger Hafen mit Kupferhütten-Schornsteinen und Elbe-Reflexionen als Aquarell, ISIN DE0006766504, Illustration mit AI erstellt.

Aurubis stock (ISIN DE0006766504) was trading at EUR 135.05 at Lang & Schwarz on October 22, 2026 at 9:45 a.m. CEST, down 3.88 percent versus the Xetra close of October 21, 2026 at EUR 140.50. wallstreetONLINE reported on October 21, 2026 that Deutsche Bank Research cut its Aurubis target from EUR 177.00 to EUR 169.00 and kept a Hold rating.

Why the target fell

Deutsche Bank analyst Bastian Synagowitz cited a more difficult-than-expected ramp-up at Aurubis Richmond and reduced pretax profit forecasts for 2026 and 2027. The new EUR 169.00 target stands 25.14 percent above the Lang & Schwarz price, but the target reduction narrows the margin of analyst confidence.

Operating figures still improved

For the first nine months of fiscal year 2025/26, revenue rose 29.00 percent to EUR 17,769.00 million from EUR 13,781.00 million a year earlier, while operating earnings before taxes increased 31.00 percent to EUR 374.00 million from EUR 286.00 million, according to FNE. The reporting period ran from October 1, 2025, to June 30, 2026, so the figures remain the latest reported operating snapshot ahead of the annual results.

What comes next for Aurubis?

The next scheduled dates are the fiscal year 2025/26 annual report on December 2, 2026, and the first-quarter 2026/27 report on February 4, 2027, both listed by FNE. Those releases should clarify whether stronger recycling earnings can offset the pressure from concentrate processing conditions and the Richmond ramp-up.

Stock below the analyst target

Aurubis says its shares are listed in the MDAX and the Prime Standard, while its business combines copper processing with recycling of secondary raw materials, according to the company investor-relations page. The current market capitalization is EUR 5.9 billion, and the 52-week range is EUR 104.80 to EUR 225.20 as of October 22, 2026. Aurubis stock was trading at EUR 135.05 at Lang & Schwarz on October 22, 2026 at 9:45 a.m. CEST, 3.88 percent below the Xetra close of October 21, 2026 at EUR 140.50. The further course of trading is shown by the continuously updated real-time quote of Aurubis stock.