First Berlin cuts Deutsche Rohstoff price target to EUR 105, keeps Buy rating

• First Berlin reiterated a Buy on Deutsche Rohstoff, cutting its 12-month target to EUR 105 from EUR 145.
• The update followed a raised 2026 EBITDA outlook to EUR 355 million–EUR 375 million, citing a EUR 65 million pretax profit on Almonty share sales.
• The report said a sale of 5 million Almonty shares cut the stake to 9 million shares from 14 million shares; 9 million shares were sold in late March.
• First Berlin estimated proceeds at EUR 69 million, implying EUR 13.75 per share; it cited a 15-day VWAP of USD 14.92.
• The analyst forecast net debt to trailing 12-month EBITDA of 0.1x, lowering the target on weaker oil and gas prices.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Deutsche Rohstoff AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26312) on July 28, 2026, and is solely responsible for the information contained therein.