OM:SANDMachinery
Sandvik (OM:SAND) Stock Valuation After New Mining Deals With Rio Tinto And JCHX
Sandvik (OM:SAND) is back in focus after two mining wins: a SEK 650 million underground equipment order for the Khoemacau Copper Mine in Botswana, and a fresh automation partnership with Rio Tinto.
See our latest analysis for Sandvik.
These mining wins arrive during a strong run for the stock, with the share price at SEK378.6 after a 25.45% year to date share price return and an 82.71% one year total shareholder return. This suggests momentum has been building over both shorter and longer...