UBS has given Aurubis a 'Neutral' rating and set a target price of 65 euros.
According to analyst Daniel Major, the company's recent results and outlook were in line with expectations, with moderate cost reductions being seen as a positive sign.
However, Major noted that the recent increase in Aurubis' stock price seems to be driven more by short covering than by fundamental improvements.
The copper group continues to face significant challenges in the market.