Boliden AB (publ) (OTCMKTS:BDNNY) Trading Down 1.2% – Should You Sell?

Boliden AB (publ) (OTCMKTS:BDNNY)’s share price fell 1.2% during mid-day trading on Friday . The company traded as low as $107.36 and last traded at $108.19. 17,975 shares traded hands during trading, an increase of 28% from the average daily volume of 14,087 shares. The stock had previously closed at $109.50.

Analyst Ratings Changes

Several research firms recently issued reports on BDNNY. Barclays raised shares of Boliden AB (publ) from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 28th. The Goldman Sachs Group upgraded Boliden AB (publ) to a “strong sell” rating in a research report on Tuesday, June 9th. Zacks Research raised Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Berenberg Bank downgraded Boliden AB (publ) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Boliden AB (publ) presently has an average rating of “Hold”.

Boliden AB (publ) Stock Performance

The stock’s 50-day moving average price is $109.36 and its 200-day moving average price is $114.59.

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.