Deutsche Rohstoff AG Anticipates Growth Amid Production Increase

On October 16, Deutsche Rohstoff AG (DRAG) reported a significant increase in its Q3/25 production to 13,600 barrels of oil equivalent per day (boepd), marking a 6.4% rise from Q2/25. This growth results from four new wells in Wyoming's Powder River Basin that commenced production at the end of Q2. The full Q3/25 report will be released on November 14. Analyst Simon Scholes from First Berlin Equity Research reaffirmed the "Buy" recommendation, raising the price target from €55 to €68.

DRAG projects its annual production to reach 13,700 boepd, aligning with its guidance range of 13,500 to 14,500 boepd. Additionally, DRAG's 9% stake in Almonty has appreciated, equating to about 48% of DRAG's enterprise value, largely due to tightened supply concerns of tungsten from China.