Sandvik stock climbs on a 275 million SEK order

Sandvik stock rises after a 275 million SEK mining order and a higher target price, with the shares quoted at 399.45 SEK on August 25, 2026.

Sandvik AB (SE0000667891) stock rises after the company booked a 275 million SEK underground mining order for Kamoa-Kakula and the shares traded at 399.45 SEK on August 25, 2026. The order is set to be booked in the third quarter of 2026, and the move came alongside a target price increase to 390 SEK from 368 SEK.

Order and analyst note

The report said the order covers underground trucks and loaders, including two loaders equipped with the company's AutoMine autonomous haulage technology, and that deliveries should start before year-end. The same report said the shares reached 398.5 SEK, while the move was supported by the higher target price.

MarketScreener's quote page showed Sandvik at 399.45 SEK, up 3.19% on the session, and up 32.00% for the year to date. It also listed an average target price of 388.20 SEK, which sits 0.28% above the last close of 387.10 SEK.

Consensus backdrop

The consensus snapshot showed 20 analysts with an average view of Accumulate and a last close of 387.10 SEK as of August 25, 2026. That creates a narrow gap between the latest quote and the average target, even after the order news lifted sentiment.

Agriculture and construction are not the story here; Sandvik's mining equipment business is. The order headline matters because it points to demand for autonomous underground equipment, while the market data shows that investors were already paying close attention before the session opened.

AutoMine payload

Sandvik's AutoMine system is the relevant product angle in this move, because the order specifically included loaders fitted with the autonomous haulage technology. For investors, the key detail is that the news tied fresh revenue visibility to a product line that already carries strategic weight in the mining unit.

Shares and valuation

Sandvik shares were quoted at 399.45 SEK on August 25, 2026, versus an average analyst target of 388.20 SEK and a last close of 387.10 SEK. The stock's 5-day change was 3.19%, and the year-to-date gain was 32.00% at the same timestamp.

Fact box

Company: Sandvik AB

ISIN: SE0000667891

Ticker: SAND

Exchange: Stockholm

Price (as of August 25, 2026, 14:10 p.m. CET): 399.45 SEK

Market cap: not stated in the cited sources

Sector / Industry: Mining support services

Index membership: not stated in the cited sources

Next earnings date: October 22, 2026