Boliden, SE0020050417

Boliden stock: Handelsbanken raises target for Boliden stock to SEK 629

Published on 10/20/2026 at 15:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 29, 2026. Boliden stock costs EUR 45.65 on October 20, 2026, down 1.83 percent versus the Tradegate close.

Analyst target and earnings

Handelsbanken raised its Boliden target from SEK 614 to SEK 629 on October 20, 2026.
Second-quarter 2026 operating profit reached SEK 3.194 billion, up 191.96 percent year over year.
Boliden stock costs EUR 45.65 at Lang & Schwarz on October 20, 2026 at 3:01 p.m. CEST, down 1.83 percent versus the Tradegate close of October 19, 2026.

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 (ISIN SE0020050417) received a higher target from Handelsbanken Capital Markets on October 20, 2026. According to Placera, the bank raised its target from SEK 614 to SEK 629 and upgraded its rating from Hold to Buy. That target is 24.06 percent above Boliden's SEK 507.00 last price on Nasdaq Stockholm at 3:03 p.m. CEST. At Lang & Schwarz, the stock was trading at EUR 45.65 on October 20, 2026 at 3:01 p.m. CEST, down 1.83 percent versus the Tradegate close.

Higher target, but execution remains central

Handelsbanken linked its view to high metal prices, favorable currency effects and improved ore grades. The bank also cited progress at the Odda zinc smelter and the Rönnskär electrolytic plant during the second half of 2026, while identifying Garpenberg's ramp-up as an important operating factor.

Second-quarter profit rose 191.96 percent

Boliden reported revenue of SEK 25.733 billion and operating profit of SEK 3.194 billion for the second quarter of 2026. The operating result was up from SEK 1.094 billion in the second quarter of 2025, a 191.96 percent increase, while revenue rose 15.47 percent from SEK 22.285 billion, according to Affarsvarlden. The report gives the upcoming third-quarter release a higher earnings hurdle.

Stock sits 30.34 percent below its high

Boliden's Nasdaq Stockholm price was SEK 507.00 at 3:03 p.m. CEST on October 20, 2026, within a 52-week range of SEK 403.40 to SEK 727.80. The price stood 25.67 percent above the low and 30.34 percent below the high, while volume reached 790,128 shares at that time. The market capitalization was SEK 144.0 billion and the price-to-earnings ratio was 11.36.

October 29 report comes first

Boliden's investor-relations page lists the third-quarter interim report for October 29, 2026, and the extraordinary general meeting for November 23, 2026, including the vote connected with the Nexa transaction. The company also lists the October 2026 London Metal Exchange Week as an investor event, according to Boliden.

Euro quote remains below the target

The Handelsbanken target of SEK 629 provides a quantified reference for the Stockholm listing, while the current euro quotation remains below its October 19, 2026 Tradegate close. The next reported operating figures on October 29, 2026 will test whether the second-quarter profit improvement continued. The further course of trading is shown by the continuously updated real-time quote of Boliden stock.