ENXTPA:ERAMetals and Mining
Eramet (ENXTPA:ERA) Stock Sinks Deeper Into Losses As Balance Sheet Strain Grows
ERAMET closed at €42.48 after a choppy few months, with the stock down about 27% over the past quarter. The latest half year numbers keep the pressure on. Losses from continuing operations over the trailing twelve months reached €621 million, which keeps the spotlight firmly on the balance sheet.
The market is still weighing a miner that screens cheap on simple sales multiples against an earnings profile that remains deep in the red. This earnings release focuses on that tension between a...