Boliden AB (publ) (OTCMKTS:BDNNY) Trading Up 1.8% – Here’s Why

Boliden AB (publ) (OTCMKTS:BDNNY) shares were up 1.8% during mid-day trading on Monday . The company traded as high as $119.1350 and last traded at $118.83. Approximately 9,916 shares traded hands during trading, a decline of 16% from the average daily volume of 11,844 shares. The stock had previously closed at $116.7028.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BDNNY shares. Barclays raised shares of Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 8th. Royal Bank Of Canada downgraded shares of Boliden AB (publ) from a “moderate buy” rating to a “hold” rating in a research note on Friday, March 20th. Finally, Kepler Capital Markets cut shares of Boliden AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

Boliden AB (publ) Stock Performance

The firm has a 50 day moving average price of $132.35 and a 200 day moving average price of $112.99.

About Boliden AB (publ)

Boliden AB (publ) is a Swedish-based integrated metals company that specializes in the exploration, mining, smelting and recycling of base and precious metals. With a focus on sustainability and efficiency, the company produces zinc, copper, nickel, lead, gold and silver concentrates, as well as refined metals and by-products such as sulphuric acid. Boliden operates through a network of hard-rock mines, metal smelters and recycling facilities.

The group’s mining portfolio includes the Aitik copper–gold mine and the Garpenberg zinc–silver–lead mine in Sweden, the Kevitsa nickel–copper–palladium mine in Finland, and the Tara zinc mine in Ireland, among others.