Boliden AB (publ) (OTCMKTS:BDNNY) Given Average Rating of “Reduce” by Brokerages

Boliden AB (publ) (OTCMKTS:BDNNY – Get Rating) has received an average rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $380.00.

A number of equities analysts recently weighed in on BDNNY shares. Nordea Equity Research lowered shares of Boliden AB (publ) from a “buy” rating to a “hold” rating in a research report on Wednesday, February 8th. Berenberg Bank lowered shares of Boliden AB (publ) from a “buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. downgraded shares of Boliden AB (publ) from a “neutral” rating to an “underweight” rating in a research report on Friday, March 3rd. Handelsbanken upgraded Boliden AB (publ) from a “market perform” rating to an “outperform” rating in a research report on Monday, March 20th. Finally, Morgan Stanley downgraded Boliden AB (publ) from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, March 29th.

Boliden AB (publ) Trading Down 0.7 %

Shares of OTCMKTS BDNNY opened at $66.15 on Monday. Boliden AB has a 12-month low of $55.19 and a 12-month high of $94.11. The business’s fifty day simple moving average is $74.04 and its 200-day simple moving average is $77.30.

Boliden AB (publ) Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, June 26th. Stockholders of record on Wednesday, May 10th will be given a $1.8424 dividend. This represents a dividend yield of 9.63%. The ex-dividend date of this dividend is Tuesday, May 9th. Boliden AB (publ)’s payout ratio is currently 22.82%.

About Boliden AB (publ)

(Get Rating)

Boliden AB engages in the exploration, mining, smelting, and recycling of metals. It operates through the Business Area Smelters and Business Area Mines segments. The Business Area Smelters segment consists of Kokkola and Odda zinc smelters, the Ronnskar and Harjavalta copper smelters, and the Bergsoe lead smelter; and is involved in trade of smelters’ products.