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Sandvik AB ( (SE:SAND) ) has provided an update.
Sandvik has secured a significant order from Zimplats, Zimbabwe’s largest platinum group metals producer, for underground mining equipment at the Ngezi mines complex. Valued at approximately SEK 280 million, the order includes loaders, trucks, and drills, with deliveries starting in the third quarter of 2025. This deal not only underscores Sandvik’s commitment to supporting productivity, safety, and sustainability in mining operations but also highlights the ongoing expansion of underground mining capacity at Ngezi, reflecting a strategic investment by Zimplats.
The most recent analyst rating on (SE:SAND) stock is a Buy with a SEK280.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.
More about Sandvik AB
Sandvik is a global high-tech engineering group that provides solutions to enhance productivity, profitability, and sustainability in the manufacturing, mining, and infrastructure industries. The company is a leader in digitalization, focusing on optimizing customer processes with offerings that include equipment, tools, services, and digital solutions for machining, mining, rock excavation, and rock processing. In 2024, Sandvik had approximately 41,000 employees and generated revenues of about SEK 123 billion across more than 150 countries.
Average Trading Volume: 1,497,234
Technical Sentiment Signal: Buy
Current Market Cap: SEK322.9B
See more insights into SAND stock on TipRanks’ Stock Analysis page.