The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

BOL.ST

Concerning the House

Boliden AB (publ) engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally. The company operates through Business Area Mines and Business Area Smelters segments. It explores copper, zinc, nickel, lead, gold, silver, cobalt, sulphuric acid, tellurium, platinum, palladium, rhodium, iridium, ruthenium, and osmium deposits. The company operates the Aitik, the Boliden Area, and Garpenberg mines in Sweden; the Tara mine in Ireland; the Kevitsa mines in Finland; the Somincor mine in Portugal; Kokkola smelters in Finland; Odda zinc smelters in Norway; the Rönnskär smelter in Sweden; Harjavalta copper smelters in Finland; and the Bergsöe lead smelter in Sweden. It sells its metals primarily to industrial customers. The company was founded in 1924 and is headquartered in Stockholm, Sweden.

Sweden · www.boliden.com

The Ledger
LineMar 2025Jun 2025Dec 2025Mar 2026
Revenue$21.12B$22.29B$28.13B$27.82B
Gross profit$3.72B$1.80B$6.54B$5.62B
Operating income$3.06B$1.09B$5.80B$5.25B
Net income$2.19B$573.00M$4.35B$3.82B
Diluted EPS7.992.0215.3113.45
Free cash flow-$1.87B$2.03B$2.72B$1.26B
CapEx-$2.89B-$4.17B-$4.63B-$3.62B
Quotation

$527.80

-11.20 (-2.1%)

52w hi$706.64
52w lo$303.45
Vol990.01K
As ofAug 13
The Verdict

Hold

Our score -0.05

Short-0.08
Medium-0.12
Long+0.14

computed 2026-08-13

By the Numbers

Boliden AB (publ)

Basic Materials · Other Industrial Metals & Mining

Market cap$149.88B
Enterprise value$171.60B
Trailing P/E11.80x
Forward P/E17.32x
EV / EBITDA6.46x
P / S (ttm)1.45x
Profit margin12.2%
Return on equity16.8%
Revenue growth+15.5%
Earnings growth+286.9%
Debt / equity28.23
Risk Metrics
Beta vs SPX0.77
Corr SPX0.32
Annual vol39.7%
Annual ret+31.7%
Sharpe0.80
Max DD-38.7%

Window: 504 trading days (490 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.33
Sector+0.03
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$528.00$531.00$520.20$527.80990.01K
Aug 12$535.60$546.40$531.60$539.00969.29K
Aug 11$523.80$533.40$522.00$529.80853.57K
Aug 10$521.20$530.40$519.00$526.60953.64K
Aug 7$511.60$524.40$508.60$520.40893.38K