Boliden AB (publ) (OTCMKTS:BDNNY) Stock Falls 0.5% – Should You Sell?

Boliden AB (publ) (OTCMKTS:BDNNY)’s share price dropped 0.5% during mid-day trading on Monday. The stock traded as low as $108.81 and last traded at $108.97. Approximately 12,887 shares were traded during mid-day trading, a decline of 12% from the average session volume of 14,639 shares. The stock had previously closed at $109.55.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BDNNY. Berenberg Bank cut shares of Boliden AB (publ) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Zacks Research raised shares of Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Boliden AB (publ) Stock Performance

The firm has a 50 day moving average of $110.71 and a 200-day moving average of $111.08.

About Boliden AB (publ)

Boliden AB (publ) is a Sweden-based metals and mining company engaged in the exploration, mining, smelting and recycling of base and precious metals. Its principal products include zinc, copper, lead, nickel, gold and silver, which are supplied to industrial customers and metal markets, primarily in Europe.

The company operates mines and metallurgical facilities in the Nordic region and has historically maintained mining operations in Sweden, Finland, Ireland and other parts of Europe.