Deutsche Rohstoff AG Receives Updated Rating from First Berlin Equity Research

First Berlin Equity Research has maintained its "Buy" recommendation for Deutsche Rohstoff AG, though it has adjusted the target price from €145.00 to €105.00. This update follows the sale of 5 million Almonty shares, which generated a pretax profit of €65 million for Deutsche Rohstoff AG. Originally holding 23 million Almonty shares, the company has reduced its stake to 9 million shares after recent transactions. The proceeds from this sale amounted to an estimated total of €69 million, reflecting a per-share price of €13.75.

The firm's 2026 EBITDA guidance has been raised from €290-310 million to €355-375 million. Despite a decline in oil and gas prices and a 32% decrease in the 15-day VWAP for Almonty shares, Deutsche Rohstoff AG's balance sheet remains robust. The net debt to trailing twelve-month EBITDA is projected at 0.1x, an improvement from the previous 0.3x estimate.