Berenberg Bank Downgrades Boliden AB (publ) (OTCMKTS:BDNNY) to Hold

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

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

Boliden AB (publ) Price Performance

Shares of OTCMKTS:BDNNY opened at $98.47 on Wednesday. The stock’s 50-day simple moving average is $112.21 and its two-hundred day simple moving average is $122.36. Boliden AB has a 52-week low of $61.13 and a 52-week high of $160.93.

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.