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Boliden (DE:BWJ0)
FRANKFURT:BWJ0

Boliden (BWJ0) Price & Analysis

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BWJ0 Stock Chart & Stats

€85.00
-€1.50(-1.73%)
At close: 4:00 PM EDT
€85.00
-€1.50(-1.73%)

Bulls Say, Bears Say

Bulls Say
Balance Sheet StrengthLow leverage (TTM debt-to-equity ~0.29) and healthy ROE (~15%) give Boliden structural financial flexibility. Conservatively positioned capital structure supports funding cyclical capex, dividends and working-capital swings without forcing distress financing, preserving long-term investment optionality.
Strong Underlying ProfitabilitySustained high EBITDA and positive net margins indicate robust operating economics across mining and smelting. Higher margins provide a durable earnings buffer against commodity volatility, enable reinvestment in maintenance and growth, and support long-term free-cash-flow potential when operational issues normalize.
Stronger Production Base From AssetsImproved production from acquisitions and Aitik's record volumes expand and diversify feedstock for smelters, raising utilization and by-product recovery over time. A larger, more productive asset base supports stable revenue streams and reduces single-mine concentration risk through multi-asset production capacity.
Bears Say
Weak Free Cash FlowMaterial negative FCF and planned SEK 1.5–2.0bn working-capital build erode cash conversion and limit internal funding for capex or dividends. Persistently weak FCF increases reliance on debt or equity financing, raising financial flexibility risk during commodity or operational stress over the medium term.
Ramp-up And Restart Execution RiskRepeated operational setbacks (Odda shutdowns, Tara throughput downgrade, Garpenberg uncertainty) threaten near- and medium-term volume delivery. Execution risk delays returns on significant investments and can prolong margin pressure, keeping cash flow volatile until steady-state operations are demonstrably achieved.
High Maintenance, Capex And Inventory DragSustained ~SEK4bn capex, elevated maintenance costs and large inventory buildups tie up cash and drive higher depreciation as units like Odda start. This structural capital intensity depresses free cash flow and can compress margins if commodity prices or smelter realizations soften over the medium term.

Boliden News

BWJ0 FAQ

What was Boliden’s price range in the past 12 months?
Boliden lowest stock price was €53.00 and its highest was €135.00 in the past 12 months.
    What is Boliden’s market cap?
    Boliden’s market cap is €12.36B.
      When is Boliden’s upcoming earnings report date?
      Boliden’s upcoming earnings report date is Oct 29, 2026 which is in 86 days.
        How were Boliden’s earnings last quarter?
        Boliden released its earnings results on Jul 21, 2026. The company reported €1.398 earnings per share for the quarter, beating the consensus estimate of €1.395 by €0.003.
          Is Boliden overvalued?
          According to Wall Street analysts Boliden’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Boliden pay dividends?
            Boliden does not currently pay dividends.
            What is Boliden’s EPS estimate?
            Boliden’s EPS estimate is 1.92.
              How many shares outstanding does Boliden have?
              Boliden has 136,755,500 shares outstanding.
                What happened to Boliden’s price movement after its last earnings report?
                Boliden reported an EPS of €1.398 in its last earnings report, beating expectations of €1.395. Following the earnings report the stock price went down -6.044%.
                  Which hedge fund is a major shareholder of Boliden?
                  Currently, no hedge funds are holding shares in DE:BWJ0
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Boliden

                    Boliden AB (publ) is a prominent mining and metallurgy company specializing in the exploration, extraction, and refinement of both base and precious metals. Its extensive operations span a wide geographical area, encompassing Sweden, the broader Nordic region, Germany, the United Kingdom, other European countries, and North America, demonstrating a truly international presence. The company's activities are structured into two primary business segments: Business Area Mines, focusing on mineral extraction, and Business Area Smelters, dedicated to metal processing. Boliden actively explores for a diverse array of metal deposits, including copper, zinc, nickel, lead, gold, silver, cobalt, tellurium, platinum, and palladium. It manages key mining operations such as Aitik, Boliden Area, and Garpenberg in Sweden; the Tara mine in Ireland; and the Kevitsa mine in Finland. Its comprehensive product portfolio features refined metals like zinc and lead ingots, copper cathodes, gold bars, and silver granules. Beyond these, Boliden also produces various concentrates, including those for copper, lead, nickel, and zinc, alongside sulphuric acid. Furthermore, the company generates a range of valuable by-products such as copper sulphate, zinc clinker, iron sand, copper telluride, selenium, nickel matte, crude nickel sulphate, and concentrates of precious platinum group metals like palladium, platinum, rhodium, iridium, ruthenium, and osmium. Boliden primarily supplies its metal products to a broad base of industrial clients, including sectors like construction, electronics, and automotive, as well as to paper manufacturers. Established in 1924, Boliden AB (publ) maintains its corporate headquarters in Stockholm, Sweden.

                    Boliden (BWJ0) Earnings & Revenues

                    BWJ0 Company Deck

                    BWJ0 Earnings Call

                    Q2 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Neutral
                    The call presents a mixed picture: strong headline financials (EBITDA, EBIT ex inventory revaluation, EPS) and several operational positives (Aitik record volumes, solid performance from acquired mines, Garpenberg restart progressing, ESG improvements and commodity-price tailwinds) are offset by meaningful near-term operational and cash-flow challenges (negative free cash flow, working capital and inventory build, Garpenberg earnings loss this quarter and uncertainty on Lappberget, Odda and Tara ramp-up issues, and heavy smelter maintenance). Management has reiterated most guidance and expects operational fixes and working-capital normalization, but several operational risks remain in the near term.View all DE:BWJ0 earnings summaries
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