Boliden AB (publ) (OTCMKTS:BDNNY) Rating Lowered to Hold at Berenberg Bank

Boliden AB (publ) (OTCMKTS:BDNNY) was downgraded by equities research analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Several other research firms have also recently weighed in on BDNNY. The Goldman Sachs Group upgraded Boliden AB (publ) to a “strong sell” rating in a research note on Tuesday, June 9th. Zacks Research upgraded Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays upgraded Boliden AB (publ) from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boliden AB (publ) currently has an average rating of “Hold”.

Boliden AB (publ) Stock Performance

Shares of BDNNY stock opened at $98.47 on Wednesday. Boliden AB has a 12-month low of $61.13 and a 12-month high of $160.93. The firm’s 50 day moving average is $112.21 and its 200 day moving average is $122.36.

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.