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Swedish (OMX) Metals and Mining Industry Analysis

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies18
  • 7D0.6%
  • 3M25.3%
  • 1Y46.8%
  • YTD45.2%

In the last week, Metals and Mining has been flat. The past year has been better, since the industry has gained 47% in that time. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Dec 2025SEK 252.2bSEK 239.2bSEK 14.8b15.7x17x1.1x
Wed, 26 Nov 2025SEK 227.5bSEK 239.3bSEK 14.7b15.1x15.4x1x
Fri, 24 Oct 2025SEK 220.3bSEK 238.1bSEK 14.9b14.3x14.7x0.9x
Sun, 21 Sep 2025SEK 184.5bSEK 240.0bSEK 14.6b12x12.6x0.8x
Tue, 19 Aug 2025SEK 179.5bSEK 240.0bSEK 14.7b13.6x12.2x0.7x
Thu, 17 Jul 2025SEK 183.8bSEK 243.6bSEK 18.7b13.2x9.9x0.8x
Sat, 14 Jun 2025SEK 178.2bSEK 242.7bSEK 18.7b12.7x9.5x0.7x
Mon, 12 May 2025SEK 180.8bSEK 242.7bSEK 18.7b12.3x9.7x0.7x
Wed, 09 Apr 2025SEK 165.1bSEK 239.4bSEK 18.8b11.5x8.8x0.7x
Fri, 07 Mar 2025SEK 214.4bSEK 239.4bSEK 18.8b13x11.4x0.9x
Sun, 02 Feb 2025SEK 186.1bSEK 234.3bSEK 17.4b14.2x10.7x0.8x
Tue, 31 Dec 2024SEK 166.5bSEK 235.9bSEK 18.9b14.1x8.8x0.7x
Thu, 28 Nov 2024SEK 175.0bSEK 235.9bSEK 18.8b13.6x9.3x0.7x
Sat, 26 Oct 2024SEK 176.2bSEK 235.9bSEK 18.9b11.4x9.3x0.7x
Mon, 23 Sep 2024SEK 166.0bSEK 239.0bSEK 20.3b10.5x8.2x0.7x
Wed, 21 Aug 2024SEK 170.4bSEK 238.8bSEK 20.3b10.9x8.4x0.7x
Fri, 19 Jul 2024SEK 191.5bSEK 238.4bSEK 18.3b14.1x10.4x0.8x
Sun, 16 Jun 2024SEK 185.7bSEK 238.3bSEK 18.4b13x10.1x0.8x
Tue, 14 May 2024SEK 199.4bSEK 238.4bSEK 18.4b14x10.8x0.8x
Thu, 11 Apr 2024SEK 199.0bSEK 245.9bSEK 21.7b12.8x9.2x0.8x
Sat, 09 Mar 2024SEK 180.4bSEK 246.0bSEK 21.5b11x8.4x0.7x
Mon, 05 Feb 2024SEK 186.3bSEK 248.9bSEK 22.2b11.1x8.4x0.7x
Wed, 03 Jan 2024SEK 200.7bSEK 253.0b-SEK 9,784,690,400.0013x-20.5x0.8x
Fri, 01 Dec 2023SEK 192.8bSEK 253.1b-SEK 9,765,549,884.0012.1x-19.7x0.8x
Sun, 29 Oct 2023SEK 176.1bSEK 253.3b-SEK 9,877,593,395.0013.1x-17.8x0.7x
Tue, 26 Sep 2023SEK 172.8bSEK 255.9b-SEK 7,485,215,786.0013.4x-23.1x0.7x
Thu, 24 Aug 2023SEK 168.8bSEK 255.8b-SEK 7,562,611,718.0012.8x-22.3x0.7x
Sat, 22 Jul 2023SEK 168.4bSEK 255.7b-SEK 7,568,038,837.0011.6x-22.3x0.7x
Mon, 19 Jun 2023SEK 200.8bSEK 262.6b-SEK 415,900,946.0011.9x-482.9x0.8x
Wed, 17 May 2023SEK 192.7bSEK 262.6b-SEK 336,205,883.0010.7x-573.2x0.7x
Fri, 14 Apr 2023SEK 222.4bSEK 263.2bSEK 3.2b9.9x70x0.8x
Sun, 12 Mar 2023SEK 219.1bSEK 263.1bSEK 3.3b9.5x65.7x0.8x
Tue, 07 Feb 2023SEK 223.0bSEK 257.2bSEK 3.3b9.4x66.6x0.9x
Thu, 05 Jan 2023SEK 189.5bSEK 252.7bSEK 38.8b6.4x4.9x0.8x
Price to Earnings Ratio

4.9x


Total Market Cap: SEK 189.5bTotal 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 -30.9x20242025
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 17.0x which is higher than its 3-year average PE of -30.9x.
  • The 3-year average PS ratio of 0.78x is lower than the industry's current PS ratio of 1.1x.
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 Market0.44%
Materials0.12%
Metals and Mining0.58%
Silver10.04%
Aluminum1.55%
Diversified Metals and Mining1.11%
Gold0%0
Precious Metals and Minerals0%0
Steel-0.62%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 12.0x.
    • Analysts are expecting annual earnings growth of 22.8%, 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 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 502.000.5%
+SEK 738.3m		61.7%PE17.7x
ALLEI AlleimaSEK 80.700.9%
+SEK 175.1m		7.5%PE20.6x
SSAB A SSABSEK 69.400.2%
+SEK 119.6m		54.3%PE14x
GRNG GrängesSEK 140.000.6%
+SEK 95.8m		6.3%PE15.7x
VISC Gruvaktiebolaget ViscariaSEK 18.123.0%
+SEK 78.1m		-14.5%PS9.6x

Latest News

SSAB A
SEK 69.40
SSAB
7D
0.2%
1Y
54.3%

SSAB A: Fossil Free Steel Partnerships Will Drive Margins And Shareholder Returns

Analysts have modestly trimmed their price target on SSAB, nudging it down by SEK 2 to SEK 73. They are balancing slightly softer valuation assumptions with still constructive expectations for revenue growth and improving profit margins.
BOL
SEK 502.00
Boliden
7D
0.5%
1Y
61.7%

BOL: Future Earnings Will Likely Disappoint Versus Upgraded Metals Cycle Expectations

The updated analyst price target for Boliden has been raised materially, with fair value increasing from about SEK 250 to SEK 330 per share. Analysts highlight improving revenue growth, higher expected profit margins, and underappreciated volume and precious metals exposure.
ALLEI
SEK 80.70
Alleima
7D
0.9%
1Y
7.5%

ALLEI: Future Margins And Discount Rate Will Guide Fair Value Confidence

Analysts have trimmed their price target on Alleima to approximately $86.50 from $87.50, reflecting slightly softer expectations for revenue growth and profit margins, despite broadly stable long term valuation assumptions. Valuation Changes Fair Value: Reduced slightly to SEK 86.50 from SEK 87.50, reflecting a modest downgrade in the intrinsic value estimate.
SOSI
SEK 1.60
Sotkamo Silver
7D
6.0%
1Y
60.2%

Sotkamo Silver AB's (NGM:SOSI) Shares Leap 38% Yet They're Still Not Telling The Full Story

Dec 21
Sotkamo Silver AB's (NGM:SOSI) Shares Leap 38% Yet They're Still Not Telling The Full Story
VISC
SEK 18.12
Gruvaktiebolaget Viscaria
7D
3.0%
1Y
-14.5%
GRNG
SEK 140.00
Gränges
7D
0.6%
1Y
6.3%

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 4.90
Arctic Minerals
7D
-1.6%
1Y
131.1%
NIO
SEK 4.99
Nordic Iron Ore
7D
-2.9%
1Y
5.3%
LGOLD B
SEK 283.00
Lappland Guldprospektering
7D
13.7%
1Y
221.6%
BOTX
SEK 12.10
Botnia Gold
7D
5.2%
1Y
-2.4%

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
DRIL
SEK 3.94
Drillcon
7D
-0.5%
1Y
-11.5%
BLUE
SEK 1.32
Bluelake Mineral
7D
-0.8%
1Y
58.4%
MAHVIE
SEK 0.71
Mahvie Minerals
7D
-0.6%
1Y
263.1%