Boliden AB (publ) Expectations for 2026 | Price, Valuation & Forecast

Boliden AB (publ)

OM:BOL

kr 467,70

kr-1,30 (-0,28%)

467,70 kr

kr-1,30 (-0,28%)

End-of-day quote: 03/27/2026

Boliden AB (publ) Stock Value

The analyst rating for OM:BOL is currently Hold.

Hold

Boliden AB (publ) Company Info

EPS Growth 5Y

6,08%

Market Cap

kr132,81 B

Long-Term Debt

kr21,76 B

Quarterly earnings

04/28/2026

Dividend

kr10,94

Dividend Yield

2,34%

Founded

1924

Industry

Materials

Country

Sweden

Website

Boliden AB (publ)

ISIN Number

SE0020050417

Website

http://www.boliden.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

kr554,50

18.56%

Last Update: 03/29/2026

Analysts: 16

Highest Price Target kr700,00

Average Price Target kr554,50

Lowest Price Target kr470,00

In the last five quarters, Boliden AB (publ)’s Price Target has risen from kr213,27 to kr357,67 - a 67,71% increase. Twelve analysts predict that Boliden AB (publ)’s share price will increase in the coming year, reaching kr554,50. This would represent an increase of 18,56%.

Top growth stocks in the materials sector (5Y.)

What does Boliden AB (publ) do?

Boliden AB (publ) a mining and smelting company that engages in the extracting, producing, and recycling of base metals. Business Segments The company operates through two business segments, Mines and Smelters. Mines The Mines segment encompasses the exploration, extraction, and initial processing of mineral resources. This segment operates several mines located in Sweden, Finland, and Ireland, each known for its high-quality ore deposits. The company’s Swedish mines include Aitik, the Bolid...

Boliden AB (publ) a mining and smelting company that engages in the extracting, producing, and recycling of base metals.

Business Segments

The company operates through two business segments, Mines and Smelters.

Mines

The Mines segment encompasses the exploration, extraction, and initial processing of mineral resources. This segment operates several mines located in Sweden, Finland, and Ireland, each known for its high-quality ore deposits. The company’s Swedish mines include Aitik, the Boliden Area, and Garpenberg. Additionally, the company operates the Tara mine in Ireland and the Kevitsa mine in Finland.

Aitik Mine: Located in northern Sweden, Aitik is one of Europe's largest open-pit copper mines. It primarily produces copper concentrate, as well as yields significant quantities of gold and silver as by-products. The company employs advanced mining techniques and equipment to ensure efficient and sustainable operations at Aitik.

Boliden Area: This area includes several underground mines and open-pit mines. The Boliden Area is rich in zinc, copper, lead, gold, and silver. The company has invested in modernizing the infrastructure and expanding the capacity of these mines to enhance productivity and extend their operational life.

Garpenberg Mine: Situated in central Sweden, Garpenberg is one of the oldest mining areas still in operation. It produces zinc, lead, silver, and copper. The company has undertaken significant expansion projects at Garpenberg to increase output and improve operational efficiency.

Tara Mine: As the largest zinc mine in Europe, Tara, located in Ireland, is a significant asset for the company. The mine produces zinc and lead concentrates, which are essential raw materials for the company’s smelting operations.

Kevitsa Mine: Located in Finland, Kevitsa is an open-pit mine that produces nickel, copper, gold, and platinum group metals. The company acquired Kevitsa to diversify its mineral portfolio and strengthen its position in the nickel market.

In addition, this segment is integral to the company’s business model, providing a steady supply of raw materials for its smelters. The company’s exploration activities are focused on discovering new mineral resources and extending the life of existing mines. The company employs state-of-the-art technology and sustainable practices to minimize the environmental impact of its mining operations.

Smelters

The Smelters segment involves the processing and refining of mined ores into finished metal products. This segment operates several smelting and refining facilities in Sweden, Finland, and Norway. The company’s smelters are equipped with advanced technology to ensure high efficiency, product quality, and environmental performance.

Rönnskär Smelter: Located in Sweden, Rönnskär is one of the world’s most efficient copper smelters. It processes copper concentrate from the company’s mines and external sources, producing high-purity copper cathodes. Rönnskär recovers precious metals, such as gold and silver and processes electronic scrap, contributing to its recycling efforts.

Harjavalta Smelter: Situated in Finland, Harjavalta primarily processes nickel and copper concentrates. The smelter produces high-quality nickel matte and copper cathodes. Harjavalta is involved in the recovery of precious metals and the processing of electronic scrap.

Kokkola Smelter: Located in Finland, Kokkola is one of the largest zinc smelters in Europe. It produces high-purity zinc metal from zinc concentrates. The smelter’s efficient processes and strategic location make it a key asset for the company’s zinc business.

Odda Smelter: Located in Norway, Odda is another significant zinc smelter for Boliden. It processes zinc concentrates to produce high-purity zinc metal. The company has invested in modernizing Odda to enhance its efficiency and environmental performance.

Bergsöe Smelter: Situated in Sweden, Bergsöe is a lead smelter that primarily processes recycled lead from used car batteries. The smelter produces high-purity lead metal, contributing to Boliden’s recycling and sustainability initiatives.

This segment is critical for transforming raw materials from the company’s mines into marketable metal products. The company’s integrated business model ensures a seamless flow of materials between its mines and smelters, optimizing efficiency and value creation. The company’s smelting operations are characterized by high environmental standards, with a focus on reducing emissions, energy consumption, and waste generation.

Products and Services

The company offers a comprehensive range of products and services within the metals and mining industry. The company’s offerings are primarily focused on the production and supply of base and precious metals, as well as recycling services. The company’s products are essential for various industrial applications, and its services support sustainable practices in the metal production lifecycle.

Base Metals

The company is a major producer of base metals, including zinc, copper, lead, and nickel. These metals are fundamental to numerous industries, including construction, automotive, electronics, and renewable energy.

Zinc: The company produces high-purity zinc metal, which is used extensively for galvanizing steel to prevent corrosion. The company’s zinc production facilities, such as the Kokkola and Odda smelters, ensure a reliable supply of high-quality zinc to the market. Zinc is used in the production of alloys, batteries, and various chemical compounds.

Copper: Copper is one of the company’s primary products, and the company operates efficient copper smelters, including the Rönnskär smelter. Copper is essential for electrical wiring, plumbing, and the manufacture of electronic devices due to its excellent electrical and thermal conductivity. The company’s copper products include copper cathodes and copper wire rod, which meet stringent quality standards.

Lead: The company produces lead metal primarily through its Bergsöe smelter, which processes recycled lead from used car batteries. Lead is used in batteries, radiation shielding, and various industrial applications. The company’s lead production emphasizes sustainability by recovering lead from recycled materials.

Nickel: The company’s nickel production is centered at the Harjavalta smelter. Nickel is a critical component in stainless steel production and is also used in batteries, particularly for electric vehicles. Boliden produces high-quality nickel matte, which is further refined into pure nickel metal by its customers.

Precious Metals

In addition to base metals, the company produces several precious metals, including gold, silver, and platinum group metals. These metals are valuable for their rarity and unique properties, making them essential for various industrial, technological, and investment purposes.

Gold: The company extracts gold as a by-product of its copper and zinc mining operations. Gold is used in jewelry, electronics, and as a financial asset. The company’s gold production is characterized by high purity and is refined to meet market demands.

Silver: Similar to gold, silver is extracted as a by-product of the company’s base metal mining. Silver has a wide range of applications, including in electronics, solar panels, and medical devices. The company’s silver products are known for their high quality and purity.

Platinum Group Metals (PGMs): The company produces PGMs, including platinum and palladium, which are used in catalytic converters, electronics, and various industrial processes. The company’s PGM production is primarily derived from its nickel and copper smelting operations.

Recycling Services

In addition to its mining and smelting operations, the company is actively involved in the recycling of metals. The company’s recycling activities include the collection and processing of electronic scrap, lead batteries, and other metal-containing waste materials. The company’s recycling operations contribute to the circular economy by recovering valuable metals from waste and reducing the need for virgin raw materials.

Electronic Scrap Recycling: The company processes electronic scrap at its Rönnskär and Harjavalta smelters. This recycling service recovers precious metals, such as gold, silver, and platinum group metals from discarded electronic devices. By recycling electronic scrap, the company helps reduce electronic waste and recover valuable resources.

Lead Battery Recycling: The Bergsöe smelter specializes in recycling used car batteries to recover lead. This process provides a valuable source of raw material, as well as addresses environmental concerns associated with battery disposal. The company lead battery recycling supports sustainable practices in the automotive industry.

Other Metal-Containing Waste: The company’s smelters process various other metal-containing waste materials, recovering valuable metals and reducing the environmental impact of waste disposal. This includes the recycling of industrial waste, scrap metal, and other secondary raw materials.

Value-Added Services

In addition to its core products and recycling services, the company offers several value-added services to its customers. These services include technical support, product customization, and supply chain management.

Technical Support: The company provides technical support to its customers, helping them optimize the use of its metal products in their manufacturing processes. The company’s technical experts offer guidance on product specifications, application techniques, and performance optimization.

Product Customization: The company works closely with its customers to develop customized metal products that meet specific requirements. This includes the production of specialized alloys, tailored product dimensions, and customized packaging solutions. The company’s product customization services ensure that its customers receive metal products that are perfectly suited to their needs.

Supply Chain Management: The company’s supply chain management services include logistics, inventory management, and just-in-time delivery. The company’s efficient supply chain operations ensure that customers receive their metal products on time and in the required quantities. The company’s commitment to supply chain excellence supports its reputation as a reliable supplier.

Geographical Markets

The company serves a wide range of geographical markets, primarily in Europe, as well as other regions.

Sweden: The company’s home market, Sweden. The company operates several mines and smelters in Sweden, including the Aitik mine, the Boliden Area mines, the Garpenberg mine, the Rönnskär smelter, and the Bergsöe smelter. Sweden remains a vital market for the company.

Finland: Finland is another crucial market for the company, where it operates the Kevitsa mine and the Kokkola and Harjavalta smelters. The Finnish market is important for the company’s zinc and nickel production. The company’s operations in Finland contribute significantly to its overall metal output and market reach.

Norway: The company’s presence in Norway is marked by the Odda zinc smelter. Norway is an essential market for the company’s zinc products, and the company’s operations in the country are geared towards meeting the demand for high-purity zinc metal.

Ireland: The Tara mine in Ireland is one of Europe’s largest zinc mines and plays a critical role in the company’s zinc production. The Irish market, while primarily focused on mining, is integral to the company’s supply chain for zinc concentrates.

Germany: Germany is one of the company’s largest external markets, particularly for its copper and zinc products. The country’s robust industrial base and demand for high-quality metals make it a key market for the company.

the United Kingdom: The United Kingdom (UK) is another significant market for the company’s metal products. The company supplies various metals, including copper and zinc, to the UK’s industrial and manufacturing sectors.

Other European Countries: The company serves a broad range of other European markets, including France, Italy, Spain, and the Benelux countries. These markets collectively represent a substantial portion of the company’s sales, with the company supplying metals to various industries across the continent.

North America: While Europe remains the primary market, the company serves customers in North America. The company’s metals, particularly copper and zinc, are exported to the United States and Canada, where they are used in various industrial applications.

Other Markets: The company’s reach extends to other regions, including Asia and the rest of the world. The company’s global sales network ensures that its metal products are available to a diverse range of customers across different markets.

Government Regulations

The company adheres to industry-specific standards and guidelines that promote best practices in mining and metal production. These regulations are designed to enhance operational efficiency, environmental performance, and social responsibility.

International Council on Mining and Metals (ICMM): The company is a member of the ICMM, which sets rigorous standards for sustainable development in the mining and metals industry. The company’s adherence to ICMM principles ensures that its operations are conducted in a socially and environmentally responsible manner.

OECD Guidelines: The company follows the guidelines set by the Organisation for Economic Co-operation and Development (OECD) for responsible business conduct. These guidelines cover areas, such as human rights, labor practices, environmental protection, and anti-corruption measures. Boliden’s compliance with OECD guidelines supports its commitment to ethical business practices.

Global Reporting Initiative (GRI): The company’s sustainability reporting is aligned with the GRI standards, which provide a comprehensive framework for disclosing environmental, social, and governance (ESG) performance. The company’s GRI-compliant reports ensure transparency and accountability in its sustainability initiatives.

Environmental Laws

The company operates under a robust framework of environmental laws that govern its impact on the natural environment. These laws are designed to protect air, water, soil, and biodiversity from the potential adverse effects of mining and metal production activities.

ISO 14001 Certification: The company’s Environmental Management System (EMS) is certified to the ISO 14001 standard, which sets criteria for effective environmental management. This certification demonstrates the company’s commitment to minimizing its environmental footprint and continuously improving its environmental performance.

Emissions Control: The company is subject to regulations that limit emissions of pollutants to the air, including greenhouse gases (GHGs), sulfur dioxide (SO2), and particulate matter. The company employs advanced technologies and practices to reduce emissions from its smelting and mining operations. Boliden’s efforts to control emissions contribute to improved air quality and climate change mitigation.

Environmental Impact Assessments (EIAs): The company conducts Environmental Impact Assessments (EIAs) for new projects and significant modifications to existing operations. EIAs are required by law and involve a thorough evaluation of potential environmental impacts, including public consultations and stakeholder engagement. The findings of EIAs inform the company’s decision-making and mitigation strategies.

History

Boliden AB (publ) was founded in 1924. The company was incorporated in 1947.

Boliden AB (publ) Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by sectors:** - Mining: approx. 60% - Metal processing: approx. 40% **TOP 3 markets:** 1. Sweden: approx. 30% 2. Germany: approx. 25% 3. Finland: approx. 15% Boliden AB is a leading company in the mining and metal processing industry. The majority of revenues come from minin...

At which locations are the company’s products manufactured?

**Production sites of Boliden AB:** 1. **Sweden:** Aitik, Garpenberg, Tara 2. **Finland:** Kevitsa 3. **Ireland:** Tara 4. **Norway:** Odda 5. **Canada:** Harjavalta Boliden AB is a leading mining and metals company in Europe. It operates several mines and smelters in different countries, with a f...

What strategy does Boliden AB (publ) pursue for future growth?

**Revenue Growth:** Estimated at 5-7% annually (2025) **Investments in Sustainability:** Increase by 20% (2024) Boliden AB pursues a growth strategy that is strongly focused on sustainability and efficiency improvement. The company continuously invests in environmentally friendly technologies and p...

Which raw materials are imported and from which countries?

**Main Imported Raw Materials:** Copper, Zinc, Nickel, Lead **Main Importing Countries:** Chile, Peru, Canada, Australia Boliden AB is a leading company in the mining and metal industry, specializing in the production of metals such as copper, zinc, nickel, and lead. To maintain its production cap...

How strong is the company’s competitive advantage?

**Market share:** 10% in the European mining sector (2024) **EBITDA margin:** 25% (2024) **R&D investments:** 5% of revenue (2024) Boliden AB is a significant player in the European mining sector with an estimated market share of 10%. The company benefits from a strong EBITDA margin of 25%, ind...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 65% (estimated for 2025 based on historical trends) **Insider Buys/Sells:** No significant changes reported (2025) The institutional investor share in Boliden AB traditionally stands at around 60-70%. This high participation reflects the confidence of institutiona...

What percentage market share does Boliden AB (publ) have?

**Market share of Boliden AB:** Estimated 8% (2025) **Main competitors and their market share:** 1. Glencore plc: 15% 2. BHP Group: 13% 3. Rio Tinto Group: 12% 4. Anglo American plc: 10% 5. Vale S.A.: 9% 6. Boliden AB: 8% 7. Freeport-McMoRan: 7% 8. Teck Resources: 6% 9. Antofagasta plc: 5% 10. Nori...

Is Boliden AB (publ) stock currently a good investment?

**Revenue growth:** 8.5% (2024) **Profit growth:** 10.2% (2024) **Return on Capital Employed (ROCE):** 15% (2024) Boliden AB achieved solid revenue growth of 8.5% in 2024, driven by strong demand in the mining and metal processing sectors. The profit growth of 10.2% indicates that the company is op...

Does Boliden AB (publ) pay a dividend – and how reliable is the payout?

**Dividend Yield:** 4.2% (2025, estimated) **Dividend History:** Continuous payout over the last 5 years Boliden AB (publ) has pursued a stable dividend policy in recent years, with regular payouts to shareholders. The dividend yield is currently estimated at 4.2%, which is considered attractive...

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Boliden AB (publ) Stock Value

Boliden AB (publ) Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does Boliden AB (publ) do?

Boliden AB (publ) Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Boliden AB (publ) Stock Value

Boliden AB (publ) Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does Boliden AB (publ) do?

Boliden AB (publ) Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.