Boliden AB (publ) (OTCMKTS:BDNNY) Stock Falls 0.5% – Here’s What Happened

Boliden AB (publ) (OTCMKTS:BDNNY)’s share price was down 0.5% during trading on Monday. The company traded as low as $108.81 and last traded at $108.97. 12,887 shares traded hands during trading, a decline of 12% from the average daily volume of 14,639 shares. The stock had previously closed at $109.55.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BDNNY. Berenberg Bank downgraded Boliden AB (publ) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Zacks Research upgraded shares of Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Boliden AB (publ) Price Performance

The company has a 50 day simple moving average of $110.61 and a 200-day simple moving average of $111.19.

About Boliden AB (publ)

Boliden AB (publ) is a Swedish metals and mining company engaged in the exploration, extraction, processing and recycling of base and precious metals. Its principal products include zinc, copper, lead, nickel, gold and silver, which are supplied to customers in industrial and manufacturing markets.

The company operates mines and smelters in the Nordic region and elsewhere in Europe. Its mining activities have included copper, zinc, lead and nickel operations, while its smelting and recycling facilities process concentrates, electronic materials and other secondary raw materials into refined metals and metal products.