Boliden AB

Boliden AB, a leading European materials company, has appointed a new EVP Strategy and CTO and received a ‘buy’ recommendation from Handelsbanken, boosting its stock price target to 370 kronor.

Boliden AB’s stock price declined following the US announcement of new tariffs on copper imports, which led to a drop in copper prices and a negative market reaction.

Boliden AB’s Q2 results were mixed, with revenue steady but operating profit falling short of expectations due to challenging market conditions.

Boliden AB’s stock price was influenced by analyst reports, including lower price targets from JP Morgan and Citigroup, and market trends, despite a positive overall market sentiment.

Boliden’s share price remains stable at 295.1 SEK, despite market volatility, thanks to the company’s solid fundamentals and ability to adapt to changing economic conditions.

Boliden AB’s stock price has declined due to a surplus of copper and zinc in the market, leading to decreased investor optimism and a reduction in stake by major investor Swedbank Robur.

Boliden AB has completed the acquisition of Somincor and Zinkgruvan, expanding its zinc and copper production capabilities and expected to nearly double its zinc concentrate production.

Boliden AB has received regulatory approvals for its acquisition of Somincor and Zinkgruvan, clearing the path for the transaction’s completion.