Aurubis shares are under pressure! 😟 UBS has downgraded the company's shares from "Neutral" to "Sell" and drastically lowered the price target from 65 to 60 euros. Analyst Daniel Major points out that the shortage on the markets for refined copper and copper concentrates will lead to lower treatment and refining charges and refining margins.

This development could severely impact Aurubis' earnings potential $NDA (-6,49 %) and jeopardize the consensus estimates. The high investments in the next two to three years could also lead to a negative free cash flow and rising net debt. This will worsen the risk/reward ratio for the share.

Aurubis shares are currently down around 4.23 percent at 82.55 euros. How do you see this? Is now the right time to buy or wait and see?

Analsyst updates, 06.12.

⬆️⬆️⬆️

• BERNSTEIN raises the price target for SIEMENS from EUR 220 to EUR 227. Outperform. $SIE (-7,45 %)
• JPMORGAN raises the target price for SIEMENS ENERGY from EUR 38.70 to EUR 44. Neutral. $ENR (-9,65 %)
• JEFFERIES upgrades BMW from Hold to Buy and raises target price from EUR 80 to EUR 85. $BMW (-5,51 %)
• ODDO BHF raises the price target for AURUBIS from EUR 70 to EUR 76. Neutral. $NDA (-6,49 %)
• UBS raises target price for AUTO1 from EUR 9.80 to EUR 20.50. Buy. $AG1 (-14,21 %)
• UBS raises the target price for NORDEA from SEK 144 to SEK 145. Buy. $NDA FI (-10,27 %)
• DEUTSCHE BANK RESEARCH raises the price target for FREENET from EUR 34 to EUR 36. Buy. $FNTN (-5,99 %)
• DEUTSCHE BANK RESEARCH raises the target price for DS SMITH from GBP 4 to GBP 5.80. Hold. $SMDS
• JPMORGAN raises the price target for THYSSENKRUPP from EUR 3.80 to EUR 4.10. Neutral. $TKA (-15,03 %)
• JPMORGAN raises the target price for SALZGITTER from EUR 11.50 to EUR 14.10. Underweight. $SZG (-7,05 %)
• JPMORGAN raises the price target for SCHNEIDER ELECTRIC from EUR 270 to EUR 275. Overweight. $SU (-8,15 %)
• JPMORGAN raises the price target for KNORR-BREMSE from EUR 88 to EUR 92. Overweight. $KBX (-8,01 %)
• MORGAN STANLEY upgrades HANNOVER RÜCK to Overweight. Target price EUR 292. $HNR1 (-5,85 %)
• JPMORGAN raises the target price for COMMERZBANK from EUR 18.40 to EUR 19.50. Overweight. $CBK (-6,01 %)

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• GOLDMAN lowers the price target for LVMH from EUR 770 to EUR 720. Buy. $MC (-4,14 %)
• MORGAN STANLEY downgrades MUNICH RE to Equal-Weight. Target price 523 EUR. $MUV2 (-6,68 %)
• JEFFERIES downgrades MERCEDES-BENZ from Buy to Hold and lowers target price from EUR 73 to EUR 60. $MBG (-5,9 %)
• ODDO BHF lowers the price target for DELIVERY HERO from EUR 43 to EUR 38. Neutral. $DHER (-3,15 %)
• WARBURG RESEARCH lowers the price target for COMPUGROUP from EUR 31 to EUR 24.50. Buy. $COP (-1,79 %)
• JPMORGAN lowers the price target for VESTAS from DKK 143 to DKK 123. Neutral. $VWS (-10,01 %)
• JPMORGAN lowers the price target for KION from EUR 44 to EUR 43. Overweight. $KGX (-13,09 %)
• MORGAN STANLEY downgrades ORSTED to Equal-Weight. Target price DKK 480. $ORSTED (-7,25 %)

Aurubis $NDA (-6,49 %) is planning an increased dividend of € 1.50 per share following a rise in profits and confirms the outlook for fiscal year 2024/25 with adjusted earnings before taxes of between € 300 million and € 400 million. Revenue remained stable at 17.1 billion euros, while consolidated net profit rose from 141 to 416 million euros.

Aurubis
$NDA (-6,49 %) celebrates the inauguration of its first multi-metal recycling plant in the United States

• Investment of around € 740 million in new Aurubis site in the US state of Georgia leads the way for sustainable multi-metal recycling in the USA
• Secondary smelter creates more than 230 jobs
• More than 180,000 tons of complex recycling materials such as printed circuit boards and copper cables are processed each year
• Metals from Aurubis are the key to the energy and mobility transition as well as digitalization and battery recycling

After just over two years of construction, Aurubis Richmond is the first secondary smelter for multi-metal recycling in the United States.

In addition to members of the Aurubis Executive Board, the ceremony was attended by the Governor of Georgia, Brian Kemp, and First Lady Marty Kemp as well as numerous high-ranking guests from politics, business and society.

$NDA (-6,49 %) delivers good results despite all the problems and a shutdown. Nice to hear after such a week

05.08.2024 + Bitcoin falls 14% + Warren Buffed sells 50% of his Apple shares + Aurubis tailwind from copper + Tokyo stock market falls 10%, is the FED to blame?

The Bitcoin $BTC (-1,38 %) lost a lot of ground on Monday due to increasing risk aversion on the financial markets. The price of the oldest and best-known cryptocurrency plummeted to 53,000 dollars in early trading. That is around 8,500 dollars or almost 14 percent less than late Friday evening. Bitcoin had already fallen sharply last week. With the drop on Monday, the Bitcoin price also fell back to the level seen at the end of February, after climbing to a record high of almost 74,000 dollars in mid-March.

The stock markets in East Asia and Australia started the week with heavy losses in some cases. The stock markets are thus following the renewed sharp falls on Wall Street on Friday. There, weak US labor market data had fueled concerns that the US Federal Reserve might have kept interest rates too high for too long to allow a "soft landing" of the US economy. Instead, heightened fears of recession put downward pressure on the stock markets. Added to this were geopolitical concerns and some disappointing figures from some heavyweights in the technology sector.

Berkshire Hathaway Inc. $BRK.B (-6,3 %) sold its stake in Apple Inc. $AAPL (-6,8 %) by almost 50 %. This is part of a massive selling spree in the second quarter that saw Warren Buffett's cash holdings rise to a record 276.9 billion dollars. https://www.bloomberg.com/news/videos/2024-08-05/warren-buffett-s-berkshire-hathaway-cuts-apple-stake-by-almost-half

Higher prices for copper and sulphuric acid have Aurubis $NDA (-6,49 %) in the third quarter. The company also continued to benefit from lower energy prices. This was offset by high costs for a maintenance shutdown in Hamburg. With sales increasing by 13 percent to almost 4.7 billion euros, the operating pre-tax result multiplied year-on-year to 90 million euros in the three months to the end of June, as the MDax group announced on Monday. However, the previous year's profit was subsequently adjusted significantly downwards due to a distribution of metal shortfalls that became necessary as a result of cases of fraud and theft. The pre-tax profit for the first nine months amounted to 333 million euros. Analysts had expected a little more on average. Aurubis is still targeting 380 to 480 million euros for the full fiscal year.

Monday: Stock market dates, economic data, quarterly figures

Canadian stock exchange closed (Civic Day)

Quarterly figures / company dates USA / Asia

22:05 Adtran quarterly figures

Quarterly figures / company dates Europe

07:00 Aurubis | Bertrandt Quarterly figures

07:30 Infineon quarterly figures

08:00 Washtec half-year figures | Infineon PK

09:30 Infineon Analyst Conference

12:00 Biontech quarterly figures

14:00 Biontech analyst and press conference

Economic data

• 09:45 IT: Purchasing Managers' Index/PMI non-manufacturing July FORECAST: 53.0 previous: 53.7
• 09:50 FR: Purchasing Managers' Index/PMI non-manufacturing (2nd release) July PROGNOSE: 50.7 1st release: 50.7 PREV: 48.8 Total Purchasing Managers' Index (2nd release) PROGNOSE: 49.5 1st release: 49.5 PREV: 48.2
• 09:55 DE: Purchasing Managers' Index/PMI non-manufacturing (2nd release) July FORECAST: 52.0 1st release: 52.0 PREV: 53.1 Total Purchasing Managers' Index (2nd release) FORECAST: 48.7 1st release: 48.7 PREV: 50.4
• 10:00 EU: Purchasing Managers' Index/PMI non-manufacturing Eurozone (2nd release) July PROGNOSE: 51.9 1st release: 51.9 PREV: 52.8 Total Purchasing Managers' Index (2nd release) PROGNOSE: 50.1 1st release: 50.1 PREV: 50.9
• 10:30 UK: Purchasing Managers' Index/PMI non-manufacturing (2nd release) July FORECAST: 52.4 1st release: 52.4 Previous: 52.1
• 11:00 EU: Producer Prices June Eurozone FORECAST: +0.5% yoy/-3.3% yoy previously: -0.2% yoy/-4.2% yoy
• 15:45 US: Purchasing Managers' Index/PMI Service (2nd release) July FORECAST: 56.0 1st release: 56.0 previous: 55.3
• 16:00 US: ISM Non-Manufacturing Index July Forecast: 51.3 points Previous: 48.8 points

A few shares of $YCA (-6,53 %) Yellow Cake snapped up on the first April shopping spree 😎🤞🏼

Very exciting title. Maybe someone would like to do an analysis on it....

I also added to these stocks at the end of March:

$MUX (-8,93 %) (my little german favorite 🇩🇪 💞)

$IBM (-5,4 %)

$NDA (-6,49 %)

$HIK (-4,31 %)

As every Sunday, the news of the last week and the most important dates of the coming week:

The dates of the coming week in the video:

https://youtube.com/shorts/TLAa8AfsBSk?si=8iMwL7RlXG5rtKHN

Monday:

Retail sales in Australia 🇦🇺 rose more than expected. However, the main reason for the increase is the slump in the previous month of June.

https://m.investing.com/news/economic-indicators/australia-retail-sales-rise-more-than-expected-in-july-3162142

First figures for Thyssen Krupp's hydrogen subsidiary $NCH2 (-8 %) Nucera from Thyssen Krupp - sales almost doubled over the year. Profits rose from 4 to 7 million in the 2nd quarter. Growth is being held back by capacity expansion, but the IPO raised 500 million euros.

https://www.handelsblatt.com/unternehmen/industrie/industrie-thyssen-krupp-wasserstofftochter-nucera-verdoppelt-umsatz/29357710.html?nlayer=Newsticker_1985586

Poor study data on a drug to treat ovarian cancer cause the share price of $NVCR (-2,08 %) Novocure's stock plummet. The survival rate of patients could not be increased.

https://app.handelsblatt.com/finanzen/maerkte/marktberichte/dow-jones-sundp-500-nasdaq-wall-street-oeffnet-mit-gewinnen-novocure-stuerzt-ab-/29358382.html

Tuesday:

According to the #ifo barometer on employment, only service providers currently intend to create new jobs. Industry, trade and construction, on the other hand, are planning layoffs.

https://app.handelsblatt.com/politik/konjunktur/beschaeftigung-ifo-barometer-nur-dienstleister-wollen-aktuell-noch-personal-aufbauen/29359166.html

It was already reported yesterday that the Chinese state is deliberately strengthening the stock markets. To this end, the stamp duty that used to be levied on the purchase of shares will be halved.

https://www.tagesschau.de/wirtschaft/weltwirtschaft/china-finanzmarkt-stempelsteuer-100.html

Real wages increased slightly for the first time in two years. Real wages increased by 0.1% compared with the prior-year quarter. The citizen's income is also being increased and is set to rise by 12% from 2024. This means it should also increase in real terms, i.e. still inflation.

https://www.handelsblatt.com/politik/deutschland/sozialleistungen-buergergeld-steigt-auf-563-euro/29360160.html?nlayer=Newsticker_1985586

Real estate prices in the USA 🇺🇸 did not fall further in June. One of the main reasons is that both buyers and sellers are holding back.

https://www.wsj.com/economy/housing/u-s-home-prices-held-steady-in-june-d83f14d3

$GAZP Gazprom is suffering from the sanctions on Russia. The group loses almost $200 million in one quarter. Significantly less gas is being exported to Europe, and the ruble has also depreciated.

https://app.handelsblatt.com/politik/deutschland/energie-gazprom-rutscht-im-zweiten-quartal-in-die-roten-zahlen/28616386.html

Wednesday:

$DHER (-3,15 %) Delivery Hero makes significantly less loss. It was still 832 instead of 1.5 billion euros in the first half. However, analysts had expected only about 570 million euros.

https://www.handelsblatt.com/unternehmen/industrie/-geschaeftszahlen-im-newsblog-delivery-hero-halbiert-verlust-nahezu/24098412.html?nlayer=Newsticker_1985586

Import prices continue to fall in Germany. Imported goods were 0.6% cheaper in July than in June. This is having a positive impact on inflation.

https://www.handelsblatt.com/politik/deutschland/einfuhren-deutsche-importpreise-sinken-weiter-deutlich/29362280.html

The inflation rate in Germany continued to fall in August, albeit less sharply than had been expected. Instead of 6.0%, the inflation rate was still 6.1%. Core inflation remained at 5.5%.

https://m.faz.net/aktuell/finanzen/inflation-in-deutschland-faellt-im-august-auf-6-1-prozent-19137911.html

Thursday:

Production data in China is now negative for the fifth month in a row. The Purchasing Managers' Index moved up slightly from 49.3 to 49.7, which is also why two Chinese cities now have the option of easier mortgage lending.

https://app.handelsblatt.com/finanzen/maerkte/marktberichte/boerse-asien-chinesische-anleger-bleiben-nach-schlechten-wirtschaftsdaten-skeptisch/29364642.html

$7203 (-5,25 %) Toyota presents strong data, also due to the weak yen, sales increased significantly. Most recently, Toyota was mainly in the headlines because of a production stoppage of all Japanese plants.

https://www.spiegel.de/wirtschaft/toyota-gesamte-japanische-produktion-gestoppt-a-28dfbcee-59d9-4e87-8dfb-5812457bd857

The inflation rate in the euro zone is stubbornly holding steady at 5.3%; a drop to 5.1% was expected. As early as September 14, the ECB will decide on the further interest rate policy in a meeting. The ECB wants to decide purely on the basis of data. It therefore remains open whether there will be a further interest rate hike or a rate cut.

https://www.handelsblatt.com/finanzen/geldpolitik/geldpolitik-inflation-im-euro-raum-verharrt-ueberraschend-bei-5-3-prozent/29363740.html

India 🇮🇳 currently seems to be the place to be. The growth is breathtaking, India seems to be able to profit from the weakness of China. The growth rate in the months April to June was 7.8%. India is thus growing faster than China for five quarters in a row.

https://app.handelsblatt.com/politik/international/konjunktur-indien-haengt-china-beim-wachstum-immer-deutlicher-ab/29365996.html

Friday:

$NDA (-6,49 %) Aurubis has to cut its annual forecast due to thefts in the three-digit million range. The copper producer already had to correct the result in June due to thefts.

https://app.handelsblatt.com/unternehmen/industrie/kupferhersteller-aurubis-gibt-nach-metalldiebstahl-gewinnwarnung-ab-aktie-stuerzt-ab/29366954.html

Mixed figures from the US labor market report - although 187,000 new jobs were created, the previous months' figures had to be revised downward by 200,000 jobs. Unemployment rose 0.3 percentage points to 3.8. This increases the probability of an interest rate pause in the USA 🇺🇸.

https://www.tagesschau.de/wirtschaft/finanzen/marktberichte/marktbericht-dax-dow-geldanlage-ezb-euro-zinsen-aktien-100.html

These are the most important dates for the coming week:

Monday: 09:00 GDP figures (Switzerland)

Tuesday: 03:45 Caixin services (China)

Wednesday: 11:00 Retail Sales (Euro)

Thursday: 14:30 Labor data (USA)

Friday: 01:50 GDP figures (Japan)

Stock analysis/Share presentation ⬇️

Today we are talking about the company Aurubis: $NDA (-6,49 %)

What is and does Aurubis anyway 🤔

Aurubis is a company that specializes in the production and processing of copper. They are a leading supplier in the copper industry and produce various copper products, such as copper tubes, sheets and wires. Aurubis has a long history and is known worldwide for their expertise in copper processing. They play an important role in the copper supply chain and contribute to the supply of this important metal.

How many employees does the company have: 🙋🏽‍♂️🙋🏻‍♀️

Aurubis currently has a total of more than 7,000 employees.

Market capitalization: 🏦

Aurubis currently has a market capitalization of about € 3.6 billion.

Dividend yield: 💰

The company currently pays its shareholders a dividend yield of 2.40%. The dividend is paid once a year. Shareholders receive their dividend in February.

Strengths of the share: 📈

Some strengths of Aurubis are:

• Strong position in the copper industry
• Broad product portfolio of copper products
• Many years of experience and expertise in copper processing
• Global network and international presence
• Sustainability-oriented business strategy
• Stable demand for copper in various industries
• Solid financial performance and stable dividend payout
• nnovation capability and research and development capabilities
• Dedicated and experienced management and employees
• Positive analyst ratings and optimistic future outlook for the copper industry

Weaknesses of the share: 📉

Some weaknesses of Aurubis are:

• Dependence on the copper price: since Aurubis is a company in the copper industry, the share is subject to fluctuations in the copper price. If the price of copper decreases, it may have a negative impact on Aurubis' profits and share price.
• Trade conflicts: Since Aurubis operates internationally, trade conflicts could have an impact on the global copper market. If there are trade restrictions or tariffs, this could reduce demand for copper and thus have a negative impact on Aurubis.
• Environmental and sustainability aspects: Copper production is associated with environmental and sustainability issues, such as energy consumption and CO2 emissions. If Aurubis is not able to effectively address these aspects, this could lead to regulatory challenges and a negative image.
• Competition: There are strong competitors in the copper industry who also offer high-quality copper products. If Aurubis is not able to differentiate itself from the competition or produce cost-efficiently, this could lead to a loss of market share.
• Cyclicality: Demand for copper is closely linked to economic trends. If there is a weakening of the economy, demand for copper could decrease, which could have a negative impact on Aurubis.

A little more about the business model: 🧐

Aurubis is a leading company in the copper industry with a diverse and robust business model. The company is active in both primary and secondary copper production and thus covers the entire copper life cycle. In the primary sector, Aurubis sources copper concentrates from mines around the world. These concentrates are processed in the company's own smelters to produce high-quality copper. Aurubis is proud to have one of the world's largest smelting capacities, thus ensuring a reliable supply of copper. Furthermore, Aurubis is also active in copper recycling. The company takes back scrap metal and scrap from customers and processes it in its recycling facilities. By using state-of-the-art technologies and processes, Aurubis can recover valuable metals from recycling and return them to the production cycle. Another important part of Aurubis' business model is the sale of copper products. The company offers a wide range of products, including copper cathodes, rolled products, wires and profiles. Aurubis supplies customers in various sectors such as the electrical industry, construction, the automotive industry and many more. In addition to producing and selling copper products, Aurubis is also strongly committed to sustainability. The company attaches great importance to environmentally friendly production processes and works continuously to reduce its ecological footprint. Aurubis focuses on energy efficiency, the use of renewable energies and minimizing emissions. Overall, Aurubis' business model is characterized by its vertical integration, its broad product range and its commitment to sustainability.

Analyst ratings on Aurubis:

Analysts' opinions on Aurubis are predominantly positive. They value the company due to its robust business model and its strong position in the copper industry. Analysts see Aurubis as a reliable player that benefits from both primary copper production and recycling. They praise the company's vertical integration, which enables Aurubis to cover the entire life cycle of copper. In addition, Aurubis' sustainable orientation is viewed positively, as the company is committed to environmentally friendly production processes. Analysts expect Aurubis to benefit from the increasing demand for copper in various sectors, especially in areas such as renewable energies and electromobility. Overall, analysts view Aurubis as a solid company with a lot of potential for future growth.

Aurubis' target: 🏁

Aurubis pursues the goal of being a leading supplier of copper and copper products. The company strives to offer its customers high-quality products and innovative solutions. Aurubis attaches great importance to sustainability and is committed to environmentally friendly production processes. Aurubis' goal is also to optimize the copper value chain by processing both primary copper and recycled copper. Through its vertical integration and expertise in the copper industry, Aurubis strives to be a reliable partner for its customers and create long-term added value.

Your opinion 🤔🧐

Now I would like to hear your opinion on this stock in the comments.

What do you think of Aurubis and did you already know this company?

Do you guys have this stock in your portfolio as well?

Feel free to let me know in the comments.

Of course, this is not investment advice but just my own opinion that I would like to share with you.

$NDA (-6,49 %) Aurubis' position will be further expanded.

Aurubis is Europe's largest copper producer and intends to grow further with battery recycling, among other things.

https://youtu.be/YKFQBnZYHtI?feature=shared

In the link, Aurubis presents its plans.

Under certain circumstances, this share could also be interesting for dividend hunters 🤑🤞🏽 - and perhaps someone will be found who wants to bring an analysis to the company (@BASS-T you like to look for suggestions)