QM · rank #8 · 2026-09-07
NDA
XETRA · EUR · $8.97B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +83.31% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +18.3% |
| Profit margin Net profit margin, trailing 12 months. | +4.5% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $8.97B |
| Anchor (recent) Close on 2026-08-07 | $173.70 |
| Anchor (far) Close on 2025-08-08 | $94.76 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
Aurubis AG (NDA) is Europe's largest copper recycler and smelter, processing copper concentrates and scrap into refined copper and specialty metals for industrial end markets.
Rationale
The momentum signal (0.83) is reinforced by a concrete fundamental catalyst — sequential EBT acceleration from €105M to €149M across three quarters and a raised full-year guidance range — giving the price trend an earnings-driven backbone consistent with quality-momentum logic.
Material risks
- 1Investor disappointment that guidance was not raised more aggressively despite the Q3 beat signals the market may already be pricing in the upper end of the new €375–475M range, compressing the remaining upside that typically sustains momentum continuation.
- 2Aurubis is structurally exposed to copper treatment and refining charge (TC/RC) spread compression and scrap availability cycles, meaning profit margins (4.5% TTM) can deteriorate rapidly if concentrate supply tightens or LME copper volatility squeezes processing economics.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.