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Swedish (OMX) Metals and Mining Industry Analysis

UpdatedDec 20, 2025
DataAggregated Company Financials
Companies18
  • 7D2.1%
  • 3M34.8%
  • 1Y48.7%
  • YTD44.3%

In the last week, the Metals and Mining industry is up 2.1%, with Boliden up 4.2%. This means that the industry has gained 49% over the past year. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Dec 2025SEK 251.0bSEK 239.2bSEK 14.8b15.5x16.9x1x
Mon, 17 Nov 2025SEK 225.0bSEK 239.3bSEK 14.8b15.2x15.2x0.9x
Wed, 15 Oct 2025SEK 213.9bSEK 240.0bSEK 14.6b13.6x14.6x0.9x
Fri, 12 Sep 2025SEK 183.7bSEK 240.0bSEK 14.6b12.7x12.5x0.8x
Sun, 10 Aug 2025SEK 183.5bSEK 240.0bSEK 14.7b13.1x12.5x0.8x
Tue, 08 Jul 2025SEK 179.6bSEK 242.7bSEK 18.7b12.6x9.6x0.7x
Thu, 05 Jun 2025SEK 184.9bSEK 242.7bSEK 18.7b12.8x9.9x0.8x
Sat, 03 May 2025SEK 185.6bSEK 242.7bSEK 18.7b12.4x9.9x0.8x
Mon, 31 Mar 2025SEK 194.1bSEK 239.4bSEK 18.8b12.1x10.3x0.8x
Wed, 26 Feb 2025SEK 208.6bSEK 239.4bSEK 18.8b13.1x11.1x0.9x
Fri, 24 Jan 2025SEK 179.1bSEK 235.9bSEK 18.9b15.3x9.5x0.8x
Sun, 22 Dec 2024SEK 164.0bSEK 235.9bSEK 18.9b13.9x8.7x0.7x
Tue, 19 Nov 2024SEK 174.7bSEK 235.9bSEK 18.8b13.5x9.3x0.7x
Thu, 17 Oct 2024SEK 171.0bSEK 239.0bSEK 20.4b10.8x8.4x0.7x
Sat, 14 Sep 2024SEK 161.1bSEK 239.0bSEK 20.3b10.3x7.9x0.7x
Mon, 12 Aug 2024SEK 169.2bSEK 238.9bSEK 20.3b11.5x8.3x0.7x
Wed, 10 Jul 2024SEK 191.5bSEK 238.3bSEK 18.3b14x10.4x0.8x
Fri, 07 Jun 2024SEK 192.9bSEK 238.3bSEK 18.4b13.2x10.5x0.8x
Sun, 05 May 2024SEK 196.0bSEK 238.4bSEK 18.4b12.9x10.7x0.8x
Tue, 02 Apr 2024SEK 195.4bSEK 245.9bSEK 21.7b12.2x9x0.8x
Thu, 29 Feb 2024SEK 185.4bSEK 246.0bSEK 21.5b10.9x8.6x0.8x
Sat, 27 Jan 2024SEK 185.2bSEK 252.6b-SEK 9,742,109,937.0011.9x-19x0.7x
Mon, 25 Dec 2023SEK 202.1bSEK 253.0b-SEK 9,780,823,234.0012.9x-20.7x0.8x
Wed, 22 Nov 2023SEK 192.0bSEK 253.3b-SEK 9,850,415,118.0011.7x-19.5x0.8x
Fri, 20 Oct 2023SEK 168.9bSEK 255.8b-SEK 7,475,592,349.0011.9x-22.6x0.7x
Sun, 17 Sep 2023SEK 176.6bSEK 255.9b-SEK 7,488,981,092.0013.4x-23.6x0.7x
Tue, 15 Aug 2023SEK 171.5bSEK 255.8b-SEK 7,562,211,334.0012.9x-22.7x0.7x
Thu, 13 Jul 2023SEK 199.1bSEK 262.6b-SEK 403,228,019.0011.6x-493.7x0.8x
Sat, 10 Jun 2023SEK 205.3bSEK 262.7b-SEK 421,970,781.0012.2x-486.5x0.8x
Mon, 08 May 2023SEK 201.6bSEK 262.6b-SEK 325,346,346.0011.2x-619.6x0.8x
Wed, 05 Apr 2023SEK 213.6bSEK 263.2bSEK 3.2b9.8x67.3x0.8x
Fri, 03 Mar 2023SEK 226.4bSEK 263.0bSEK 3.3b9.6x67.9x0.9x
Sun, 29 Jan 2023SEK 233.5bSEK 257.3bSEK 3.4b9.3x69.6x0.9x
Tue, 27 Dec 2022SEK 188.8bSEK 252.7bSEK 38.8b6.3x4.9x0.7x
Price to Earnings Ratio

4.9x


Total Market Cap: SEK 188.8bTotal Earnings: SEK 38.8bTotal Revenue: SEK 252.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Metals and Mining Industry Price to Earnings3Y Average -31x202320242025
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 16.9x which is higher than its 3-year average PE of -31.0x.
  • The 3-year average PS ratio of 0.78x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 27% 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 Market0.20%
Materials1.62%
Metals and Mining2.09%
Silver4.60%
Diversified Metals and Mining4.37%
Precious Metals and Minerals2.75%
Aluminum2.31%
Gold0%0
Steel-1.47%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 11.9x.
    • Analysts are expecting annual earnings growth of 22.6%, 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 92% 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
BOL BolidenSEK 498.204.2%
+SEK 5.7b		62.8%PE17.6x
GRNG GrängesSEK 137.602.5%
+SEK 362.0m		6.2%PE15.5x
VISC Gruvaktiebolaget ViscariaSEK 14.9418.0%
+SEK 342.5m		-31.6%PS7.9x
BLUE Bluelake MineralSEK 1.2926.0%
+SEK 41.6m		53.0%PS180.2x
LGOLD B Lappland GuldprospekteringSEK 189.0019.3%
+SEK 34.1m		115.3%PB11.4x

Latest News

VISC
SEK 14.94
Gruvaktiebolaget Viscaria
7D
18.0%
1Y
-31.6%
GRNG
SEK 137.60
Gränges
7D
2.5%
1Y
6.2%

Here's Why Gränges (STO:GRNG) Can Manage Its Debt Responsibly

Dec 13
Here's Why Gränges (STO:GRNG) Can Manage Its Debt Responsibly
ARCT
SEK 4.96
Arctic Minerals
7D
-0.4%
1Y
116.6%
SSAB A
SEK 70.10
SSAB
7D
-1.2%
1Y
58.3%

SSAB A: Future Returns Will Hinge On Low Carbon Projects And Execution

Analysts have raised their price target on SSAB to SEK 73 from SEK 70, reflecting slightly stronger assumptions for long term revenue growth, profit margins and valuation multiples, even as recent Street research has modestly trimmed targets amid a more cautious sector backdrop. Analyst Commentary Recent updates from JPMorgan and other Street sources show a mixed but generally constructive stance on SSAB, with modest target trims offset by continued confidence in the companys strategic execution and earnings power.
BOL
SEK 498.20
Boliden
7D
4.2%
1Y
62.8%

BOL: Gold And Silver Exposure Will Shape Future Earnings And Risks

The analyst price target for Boliden has been raised by approximately SEK 21 to reflect analysts' growing confidence in the company's volume growth potential and earnings leverage from gold and silver exposure. Analyst Commentary Recent research updates highlight a generally constructive stance on Boliden, with several price target increases reflecting improving sentiment on the company’s growth prospects and earnings profile.
ALLEI
SEK 80.10
Alleima
7D
-2.7%
1Y
8.7%

ALLEI: Margins And Discount Rate Will Shape Future Confidence In Fair Value

Narrative Update on Alleima Analysts have trimmed their price target on Alleima to approximately €87.50 from about €89.67, reflecting more cautious assumptions on long term revenue growth and a slightly higher discount rate, partly offset by modestly improved margin expectations and a lower projected future P/E multiple. Valuation Changes The fair value estimate has decreased slightly to SEK 87.50 from approximately SEK 89.67, indicating a modest downward revision in the intrinsic valuation.
PROF B
SEK 118.00
ProfilGruppen
7D
-1.3%
1Y
18.2%
NIO
SEK 5.16
Nordic Iron Ore
7D
6.4%
1Y
10.7%
SOSI
SEK 1.45
Sotkamo Silver
7D
4.6%
1Y
45.5%
LGOLD B
SEK 189.00
Lappland Guldprospektering
7D
19.3%
1Y
115.3%
BOTX
SEK 10.90
Botnia Gold
7D
1.9%
1Y
-13.8%

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
GRANGX
SEK 40.15
Grangex
7D
-2.1%
1Y
278.8%
ALONNR B
SEK 0.75
Archelon Natural Resources
7D
-8.8%
1Y
78.6%
BLUE
SEK 1.29
Bluelake Mineral
7D
26.0%
1Y
53.0%
MAHVIE
SEK 0.69
Mahvie Minerals
7D
-20.0%
1Y
247.0%