Boliden, SE0020050417

Boliden stock gains 3.71 percent as Q2 profit rebounds strongly

Published on 10/04/2026 at 11:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Boliden stock gained 3.71 percent to SEK 519.60 on October 2, 2026. Q2 operating profit rose 191.9 percent year over year, while revenue declined 7.5 percent.

Fotorealistische Kupferschmelze mit glühendem Metall in schwedischer Industrieanlage bei Dämmerung — Boliden AB (ISIN SE0022415691) betreibt moderne Kupferschmelzen und Untertagebergwerke in ganz Skandinavien, Illustration mit AI erstellt.

Boliden stock (ISIN SE0020050417) gained 3.71 percent to SEK 519.60 on Nasdaq Stockholm on October 2, 2026, after the Swedish miner delivered a sharp year-over-year improvement in Q2 operating profit. The move puts the latest market reaction beside a mixed operating picture and a major expansion transaction.

Q2 profit rebounds sharply

Boliden reported Q2 2026 revenue of SEK 25.733 billion, down 7.5 percent from SEK 27.822 billion in Q1, while operating profit reached SEK 3.194 billion compared with SEK 1.094 billion in Q2 2025, a 191.9 percent increase, according to Affarsvarlden.

The result was profitable but sequentially weaker: Q1 operating profit stood at SEK 5.247 billion, leaving Q2 39.1 percent lower. Q2 earnings per share were SEK 7.81 versus SEK 2.02 a year earlier, another concrete sign that the comparison with the weak prior-year base remains important.

Nexa adds strategic weight

Boliden's investor-relations page lists the acquisition of a controlling stake in Nexa Resources as an August 27, 2026 company event, while the transaction gives Boliden exposure to a larger Latin American mining platform. The deal is now part of the stock's valuation debate rather than a completed earnings contribution.

On September 10, 2026, MarketScreener reported that Berenberg kept its Hold rating and raised the target price from SEK 530 to SEK 560. The analysis described the Nexa transaction as broadly neutral, with limited synergies while Nexa remains separately listed, and projected 1 percent earnings-per-share dilution for 2027 through 2029.

Stock remains below yearly high

Boliden stock traded between a 52-week low of SEK 393.50 and a high of SEK 727.80; the October 2 price was 28.6 percent below the high. Market capitalization was SEK 147.5 billion and volume was 905,261 shares on the same session.

MarketScreener listed a BUY consensus from 11 analysts, with an average target of SEK 539.73. Against its reference close of SEK 539.40, that target was 0.06 percent higher, showing how narrowly the published average sat above the market level in that snapshot.

Q3 date is set for October 29

Boliden stock closed at SEK 519.60 on Nasdaq Stockholm on October 2, 2026, with a session high of SEK 523.40 and a low of SEK 505.20. Affarsvarlden lists October 29, 2026 as the next interim report date, making the Q3 release the next scheduled test of whether the Q2 profit recovery can continue.