Deutsche Rohstoff AG: Positive Outlook Amid Market Challenges

First Berlin Equity Research has updated its analysis of Deutsche Rohstoff AG. Analyst Simon Scholes maintains a BUY rating for the company, raising the target price from €48 to €55. The updated valuation reflects a 28% increase in Deutsche Rohstoff's holdings in Almonty, valued at €94 million.

Despite a 24% drop in Q2 2025 revenue to €43.2 million and a 35% decrease in EBITDA to €27.3 million, the company remains optimistic. The revenue and EBITDA forecast for 2025 is between €170 million and €190 million, and €115 million to €135 million, respectively. First Berlin expects these targets to be attainable, citing achieved results of over 50% in the first half of 2025.

The production is set to rise significantly in the second half with the addition of ten new wells. Projections are based on an average WTI oil price of USD60/bbl, with market futures suggesting USD66/bbl.