Upward Momentum Will Continue To Secure Metal Supply And Market Confidence

Boliden's analyst price target has been raised from SEK 365.73 to SEK 386.73. This change reflects analysts' increased confidence due to recent upward adjustments in revenue growth projections and generally positive Street research updates.

Analyst Commentary

Recent Street research reveals a mix of optimism and caution regarding Boliden's outlook, as reflected in several updated price targets from major financial institutions. Analysts have recalibrated their expectations in response to the company’s recent performance and broader market factors.

Bullish Takeaways

• Multiple analysts have increased their price targets for Boliden, indicating renewed confidence in the company's ability to deliver revenue growth.
• Upward target revisions suggest improving sentiment toward Boliden’s operational execution and market position.
• The raised targets reflect recognition of progress the company has made in optimizing its business and capitalizing on favorable commodity trends.
• Strengthened balance sheets and recent performance achievements are seen as supporting higher valuations for Boliden, according to bullish analysts.

Bearish Takeaways

• Despite the price target increases, some analysts have maintained an Underweight or Neutral stance, pointing to ongoing challenges in the operating environment.
• Concerns remain about Boliden’s ability to sustain margin expansion in the face of fluctuating commodity prices and input costs.
• Bearish analysts highlight uncertainties related to long-term global demand for Boliden’s key products. These uncertainties could impact future growth potential.
• There is caution regarding execution risks, especially in navigating cyclical pressures and maintaining competitive advantages over peers.

What's in the News

• Boliden AB has commenced share repurchases on October 22, 2025, under a shareholder mandate allowing up to 130,000 shares to be bought back for the company's long-term share saving program (Key Developments).
• The Swedish Mining Authority has granted Boliden a mining concession for the Laver deposit, enabling extraction of copper, gold, silver, and molybdenum. Further environmental permits are still required before investment decisions can proceed (Key Developments).
• Boliden has withdrawn from its joint venture agreement with District Metals Corp. regarding the Tomtebo and Stollberg properties in Sweden. As a result, District retains full ownership of Tomtebo and Boliden retains Stollberg (Key Developments).
• Boliden AB announced plans to hold an Analyst/Investor Day event (Key Developments).

Valuation Changes

• Consensus Analyst Price Target has increased from SEK 365.73 to SEK 386.73, reflecting a modest upward revision in fair value estimates.
• Discount Rate has decreased from 6.10% to 5.98%, indicating a slightly more favorable long-term risk assessment for Boliden.
• Revenue Growth projections have risen marginally from 6.45% to 6.50% year-over-year.
• Net Profit Margin forecasts have dipped slightly from 10.69% to 10.37%.
• Future P/E multiple has increased from 11.79x to 12.82x. This suggests higher valuation multiples anticipated by the market for Boliden's forward earnings.