Boliden AB (publ) (OTCMKTS:BDNNY) Shares Up 1.9% – Time to Buy?

Boliden AB (publ) (OTCMKTS:BDNNY) shot up 1.9% during mid-day trading on Monday . The company traded as high as $63.85 and last traded at $63.75. 12,958 shares changed hands during trading, an increase of 18% from the average session volume of 10,969 shares. The stock had previously closed at $62.57.

Analyst Ratings Changes

Several research firms have recently weighed in on BDNNY. BMO Capital Markets raised Boliden AB (publ) to a “hold” rating in a research note on Friday, April 25th. Pareto Securities raised Boliden AB (publ) from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada raised Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Boliden AB (publ) Stock Up 1.9%

The company has a 50-day moving average price of $61.71 and a 200 day moving average price of $63.06.

About Boliden AB (publ)

Boliden AB (publ) engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally. The company operates through two segments, Business Area Mines and Business Area Smelters. It explores for copper, zinc, nickel, lead, gold, silver, cobalt, sulphuric acid, tellurium, platinum, and palladium deposits.