Boliden AB (publ) (OTCMKTS:BDNNY) Downgraded to “Hold” Rating by Berenberg Bank

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

Other equities research analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group raised shares of Boliden AB (publ) to a “strong sell” rating in a research note on Tuesday, June 9th. Finally, Barclays upgraded shares of Boliden AB (publ) from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Boliden AB (publ) Stock Up 0.7%

Shares of BDNNY opened at $98.47 on Wednesday. Boliden AB has a 1 year low of $61.13 and a 1 year high of $160.93. The business’s 50 day simple moving average is $112.21 and its 200-day simple 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.