(Boursier.com) — Another very good week for Eramet which widens the gap with its pursuers in the race for the best stock market performance of this beginning of the year on the SBF120. Up 13% over five sessions, the mining group has posted a gain of around 43% since January 1. Eramet, which has been at its highest since the summer of 2018 on the stock market, is surfing on the sharp rise in commodity prices, nickel in the lead. The title benefited this week from a note from BNP Paribas Exane which upgraded the file from 82 to 126 euros while reiterating its ‘outperform’ opinion. The company has also finalized the sale of its subsidiary Eramet Sandouville to the South African Sibanye-Stillwater. After taking price adjustments into account, the net proceeds from the sale should amount to around €85 million, with a positive impact on Eramet’s cash position.
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