From a fundamental viewpoint, Aurubis is undervalued in terms of enterprise value. Based on the current price, its market capitalization, plus its net debt, represents 0.16 times its revenues. This valuation is just 9.73 and 9.12 times the two next years earnings.

Technically, in daily data, even if moving averages are still in a downtrend, a double bottom on the EUR 46.25 should stop this bearish trend and allow a technical rebound towards EUR 49.9.

It seems to be an appropriate timing to take immediately a long position in Aurubis in order to benefit from the EUR 46.25 support area. A first target price will be the EUR 49.9 resistance. A stop loss order will be placed under the mid-term support currently tested.