Boliden shares rise after UBS upgrades stock to 'neutral' rating By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2025
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Source: Investing.com
Stock Performance and Analyst Upgrade: Boliden's shares rose over 3% after UBS Global Research upgraded the company to a 'neutral' rating, citing a favorable outlook following its acquisition of Neves Corvo and Zinkgruvan, which is expected to enhance earnings and synergies.
Challenges Ahead: Despite the positive outlook, Boliden faces challenges such as declining mined grades, a tough smelting environment, and potential earnings weakness in 2025, although UBS believes the market may start to anticipate a recovery in the long term.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
