OM:SANDMachinery
Barclays Sees Gold Capex Cycle Shaping Sandvik’s Growth And Risks
Barclays highlights Sandvik (OM:SAND) as a key beneficiary of a new mining capex cycle linked to higher gold prices.
The bank points to a sector wide pickup in spending on gold projects, with Sandvik positioned for stronger equipment and services demand.
The analyst view flags potential double digit growth in orders and revenue tied to this gold focused investment wave.
Sandvik, a major supplier of mining equipment and rock processing solutions, sits close to the heart of global capex...