Boliden, SE0020050417

Handelsbanken raises target for Boliden stock from SEK 614 to SEK 629

Published on 10/21/2026 at 10:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Boliden stock costs EUR 45.90 on October 21, 2026, 0.75 percent above the Xetra close. The report is due in Stockholm on October 29, 2026.

Target revision and results date

Handelsbanken moved its Boliden target to SEK 629 from SEK 614 on October 20, 2026.
Second-quarter revenue reached SEK 25.733 billion on June 30, 2026.
Boliden stock trades at EUR 45.90 at 10:15 a.m. CEST at Lang & Schwarz on October 21, 2026, 0.75 percent above the Xetra close of October 20, 2026.
Boliden will publish its third-quarter report on October 29, 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) was trading at EUR 45.90 at Lang & Schwarz on October 21, 2026, at 10:15 a.m. CEST, up 0.75 percent versus the Xetra close of October 20, 2026 at EUR 45.56. MarketScreener reported on October 20, 2026 that Handelsbanken raised its recommendation to Buy and lifted its target from SEK 614 to SEK 629.

Handelsbanken sees earnings leverage

The upgrade rests on higher metal prices, currency effects and improved ore grades, according to MarketScreener. Handelsbanken forecasts adjusted operating income of SEK 4.589 billion for the third quarter, 67.00 percent above the year-earlier figure and 60.00 percent above the second quarter.

Three dates shaped the setup

On July 21, 2026, Boliden reported second-quarter revenue of SEK 25.733 billion and operating profit of SEK 3.194 billion, figures listed by Affarsvarlden. On August 27, 2026, Boliden announced plans to acquire a controlling stake in Nexa Resources, according to the company investor-relations page. On October 20, 2026, Handelsbanken set the new SEK 629 target and Buy recommendation, as MarketScreener reported.

What does SEK 4.589 billion imply?

The forecast points to a sharp sequential improvement from the SEK 3.194 billion operating profit reported for the second quarter. The comparison also sets a demanding test for Boliden's mines and smelters when the third-quarter figures arrive.

Results arrive October 29

Boliden will announce its interim report for the third quarter on October 29, 2026, at about 1:00 p.m. CET, followed by a press and analyst conference at 3:00 p.m. CET, according to the company's official invitation.

Stock price and valuation context

Boliden's primary listing is Nasdaq Stockholm, where the stock was last quoted at SEK 510.80 on October 21, 2026, at 10:22 a.m. CEST. The quoted 52-week range was SEK 403.40 to SEK 727.80, while market capitalization was SEK 145.0 billion. The euro quote remains the relevant German investor reference: Boliden was trading at EUR 45.90 at Lang & Schwarz on October 21, 2026, at 10:15 a.m. CEST, 0.75 percent above the Xetra close of October 20, 2026 at EUR 45.56. The further course of trading is shown by the continuously updated real-time quote of Boliden stock.