Boliden AB (publ) (OTCMKTS:BDNNY) Cut to “Hold” at Berenberg Bank

Berenberg Bank lowered shares of Boliden AB (publ) (OTCMKTS:BDNNY) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

Several other research analysts have also recently issued reports on the company. Zacks Research raised Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a report on Tuesday. Barclays raised Boliden AB (publ) from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group raised Boliden AB (publ) to a “strong sell” rating in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Boliden AB (publ) has a consensus rating of “Hold”.

Boliden AB (publ) Price Performance

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 has a 50 day simple moving average of $112.21 and a 200 day simple moving average of $122.36.

Boliden AB (publ) Company Profile

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.