FRANKFURT (dpa-AFX) - A U-turn by UBS analysts weighed heavily on Aurubis shares on Friday morning. The copper company's shares lost almost double-digit percentages to 67.95 euros. In the process, they tore through the 200- and 100-day lines as long-term trend barometers. At 66.47 euros, the 50-day line is waiting as possible support. UBS expert Daniel Major cut his price target to 70 euros and turned a buy recommendation into a sell recommendation.

According to the expert, lower processing and smelting charges (TCRC) and rising investments are creating headwinds for the copper group. The market expectations for 2025 are at risk of correction.

Aurubis shares had only just recovered their interim annual losses of almost 23 percent, after landing at their lowest level since October 2022 in March./ag/jha/