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Swedish (OMX) Metals and Mining Industry Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies19
  • 7D-2.4%
  • 3M20.6%
  • 1Y25.5%
  • YTD27.3%

Over the last 7 days, the Metals and Mining industry has dropped 2.4%, driven by a pullback from Boliden of 4.0%. This takes the industry's 12 month performance to a gain of 25%. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

Has the Swedish Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Nov 2025SEK 220.9bSEK 239.3bSEK 14.8b14.8x15x0.9x
Sat, 18 Oct 2025SEK 210.9bSEK 240.0bSEK 14.6b13x14.4x0.9x
Mon, 15 Sep 2025SEK 184.3bSEK 240.0bSEK 14.6b12.7x12.6x0.8x
Wed, 13 Aug 2025SEK 184.2bSEK 240.0bSEK 14.7b14.1x12.6x0.8x
Fri, 11 Jul 2025SEK 187.3bSEK 242.7bSEK 18.7b13.3x10x0.8x
Sun, 08 Jun 2025SEK 185.9bSEK 242.7bSEK 18.7b12.9x9.9x0.8x
Tue, 06 May 2025SEK 184.2bSEK 242.7bSEK 18.7b12.2x9.8x0.8x
Thu, 03 Apr 2025SEK 190.3bSEK 239.4bSEK 18.8b12.3x10.1x0.8x
Sat, 01 Mar 2025SEK 212.2bSEK 239.4bSEK 18.8b12.9x11.3x0.9x
Mon, 27 Jan 2025SEK 182.7bSEK 235.9bSEK 18.8b15.4x9.7x0.8x
Wed, 25 Dec 2024SEK 164.7bSEK 235.9bSEK 18.9b14x8.7x0.7x
Fri, 22 Nov 2024SEK 171.5bSEK 235.9bSEK 18.8b13.3x9.1x0.7x
Sun, 20 Oct 2024SEK 173.6bSEK 239.0bSEK 20.4b10.9x8.5x0.7x
Tue, 17 Sep 2024SEK 161.3bSEK 239.0bSEK 20.4b10.4x7.9x0.7x
Thu, 15 Aug 2024SEK 166.4bSEK 238.8bSEK 20.3b11.5x8.2x0.7x
Sat, 13 Jul 2024SEK 197.9bSEK 238.3bSEK 18.3b14.1x10.8x0.8x
Mon, 10 Jun 2024SEK 192.2bSEK 238.3bSEK 18.4b13.2x10.5x0.8x
Wed, 08 May 2024SEK 197.0bSEK 238.4bSEK 18.4b13.4x10.7x0.8x
Fri, 05 Apr 2024SEK 196.4bSEK 245.9bSEK 21.7b12.8x9.1x0.8x
Sun, 03 Mar 2024SEK 185.9bSEK 246.0bSEK 21.5b11x8.7x0.8x
Tue, 30 Jan 2024SEK 186.5bSEK 252.6b-SEK 9,741,916,621.0011.6x-19.1x0.7x
Thu, 28 Dec 2023SEK 202.5bSEK 253.0b-SEK 9,779,124,050.0012.8x-20.7x0.8x
Sat, 25 Nov 2023SEK 193.0bSEK 253.1b-SEK 9,764,679,265.0012.2x-19.8x0.8x
Mon, 23 Oct 2023SEK 160.5bSEK 255.7b-SEK 8,833,231,469.0012.9x-18.2x0.6x
Wed, 20 Sep 2023SEK 173.2bSEK 255.9b-SEK 7,488,020,286.0012.7x-23.1x0.7x
Fri, 18 Aug 2023SEK 169.4bSEK 255.8b-SEK 7,566,128,457.0013.1x-22.4x0.7x
Sun, 16 Jul 2023SEK 198.1bSEK 261.7b-SEK 376,751,375.0011.4x-525.9x0.8x
Tue, 13 Jun 2023SEK 203.6bSEK 262.7b-SEK 421,948,739.0011.7x-482.6x0.8x
Thu, 11 May 2023SEK 193.9bSEK 262.6b-SEK 327,430,877.0011x-592.1x0.7x
Sat, 08 Apr 2023SEK 210.6bSEK 263.2bSEK 3.2b9.8x66.5x0.8x
Mon, 06 Mar 2023SEK 229.3bSEK 263.0bSEK 3.3b9.7x68.7x0.9x
Wed, 01 Feb 2023SEK 230.5bSEK 257.3bSEK 3.4b8.9x68.7x0.9x
Fri, 30 Dec 2022SEK 190.8bSEK 252.7bSEK 38.8b6.2x4.9x0.8x
Sun, 27 Nov 2022SEK 185.4bSEK 252.6bSEK 38.9b6.5x4.8x0.7x
Price to Earnings Ratio

4.8x


Total Market Cap: SEK 185.4bTotal Earnings: SEK 38.9bTotal Revenue: SEK 252.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Metals and Mining Industry Price to Earnings3Y Average -31.4x202320242025
Current Industry PE
  • Investors are pessimistic on the Swedish Metals and Mining industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 14.8x which is higher than its 3-year average PE of -31.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.77x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 28% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Swedish Materials industry?

SE Market-4.34%
Materials-3.36%
Metals and Mining-2.40%
Silver1.09%
Steel0.67%
Gold0%0
Diversified Metals and Mining-4.02%
Aluminum-5.21%
Precious Metals and Minerals-5.91%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 11.7x.
    • Analysts are expecting annual earnings growth of 19.8%, which is higher than its past year's earnings decline of 38.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Silver industry, expecting annual earnings growth of 33% over the next 5 years.
  • In contrast, the Steel industry is expected to see its earnings grow by 18% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SSAB A SSABSEK 63.161.0%
+SEK 617.9m		26.0%PE12.7x
GRANGX GrangexSEK 43.009.1%
+SEK 50.7m		390.3%PS19.8x
ARCT Arctic MineralsSEK 5.057.4%
+SEK 16.5m		89.8%PS633.3x
DRIL DrillconSEK 4.083.8%
+SEK 6.7m		-9.1%PE33.4x
SOSI Sotkamo SilverSEK 1.301.1%
+SEK 4.5m		22.7%PS1.1x

Latest News

VISC
SEK 15.06
Gruvaktiebolaget Viscaria
7D
-17.2%
1Y
-30.8%
LGOLD B
SEK 146.80
Lappland Guldprospektering
7D
-5.4%
1Y
31.7%
ALLEI
SEK 81.00
Alleima
7D
-0.2%
1Y
14.6%
BOTX
SEK 11.35
Botnia Gold
7D
0.4%
1Y
-10.6%

Botnia Gold AB (publ)'s (STO:BOTX) 26% Cheaper Price Remains In Tune With Revenues

Nov 15
Botnia Gold AB (publ)'s (STO:BOTX) 26% Cheaper Price Remains In Tune With Revenues
BAT
SEK 0.055
Eurobattery Minerals
7D
-17.9%
1Y
-53.4%
GRNG
SEK 133.00
Gränges
7D
-5.3%
1Y
12.3%
GRANGX
SEK 43.00
Grangex
7D
9.1%
1Y
390.3%
BOL
SEK 419.80
Boliden
7D
-3.4%
1Y
32.2%

BOL: Recent Mining Approvals And Share Repurchases Will Shape Performance Outlook

Boliden's analyst price target has increased from SEK 386.73 to SEK 404.73, as analysts cite improved revenue growth forecasts and a steady profit margin outlook to support the more optimistic valuation. Analyst Commentary Recent updates from several major research firms reflect a mixture of optimism and caution regarding Boliden's valuation and performance outlook.
DRIL
SEK 4.08
Drillcon
7D
3.8%
1Y
-9.1%
SOSI
SEK 1.30
Sotkamo Silver
7D
1.1%
1Y
22.7%

Sotkamo Silver (NGM:SOSI) Has Debt But No Earnings; Should You Worry?

Oct 28
Sotkamo Silver (NGM:SOSI) Has Debt But No Earnings; Should You Worry?
SSAB A
SEK 63.16
SSAB
7D
1.0%
1Y
26.0%
PROF B
SEK 118.00
ProfilGruppen
7D
-5.2%
1Y
19.2%
ARCT
SEK 5.05
Arctic Minerals
7D
7.4%
1Y
89.8%
ALONNR B
SEK 0.92
Archelon Natural Resources
7D
-14.0%
1Y
40.5%
BLUE
SEK 1.07
Bluelake Mineral
7D
0.5%
1Y
21.0%