Boliden's Top Line Faces Downside Risk From Falling Metals Prices -- Market Talk

Like
Comment
Favorite

Boliden's Top Line Faces Downside Risk From Falling Metals Prices -- Market Talk

Dow Jones03-20 16:34

0834 GMT - Swedish miner Boliden faces growing risks to its top line from declining metals prices as the Middle East conflict raises global growth concerns, RBC analyst Marina Calero writes. "We see increasing downside risk in Boliden's commodity basket (30% copper, 27% zinc, 18% silver) as lower growth expectations start to get priced in." Energy accounted for 11% of Boliden's cost base in 2025, but thanks to its mostly underground asset base and fixed-electricity contracts, it is better placed than peers to withstand an energy shock, Calero says. Near-term catalysts from project ramp-ups should also prevent material underperformance versus peers. RBC downgrades Boliden to sector perform from outperform and lowers its price target to 600 Swedish kronor from 750 kronor. Shares rise 1.2% to 565.40 kronor. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

March 20, 2026 04:34 ET (08:34 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2620860867?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-20 16:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2620860867","market":"nz","top_or_hot":-1,"title":"Boliden's Top Line Faces Downside Risk From Falling Metals Prices -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0834 GMT - Swedish miner Boliden faces growing risks to its top line from declining metals prices as the Middle East conflict raises global growth concerns, RBC analyst Marina Calero writes. \"We see increasing downside risk in Boliden's commodity basket (30% copper, 27% zinc, 18% silver) as lower growth expectations start to get priced in.\" Energy accounted for 11% of Boliden's cost base in 2025, but thanks to its mostly underground asset base and fixed-electricity contracts, it is better placed than peers to withstand an energy shock, Calero says. Near-term catalysts from project ramp-ups should also prevent material underperformance versus peers. RBC downgrades Boliden to sector perform from outperform and lowers its price target to 600 Swedish kronor from 750 kronor. Shares rise 1.2% to 565.40 kronor. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 20, 2026 04:34 ET (08:34 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Boliden's Top Line Faces Downside Risk From Falling Metals Prices -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBoliden's Top Line Faces Downside Risk From Falling Metals Prices -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-20 16:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0834 GMT - Swedish miner Boliden faces growing risks to its top line from declining metals prices as the Middle East conflict raises global growth concerns, RBC analyst Marina Calero writes. \"We see increasing downside risk in Boliden's commodity basket (30% copper, 27% zinc, 18% silver) as lower growth expectations start to get priced in.\" Energy accounted for 11% of Boliden's cost base in 2025, but thanks to its mostly underground asset base and fixed-electricity contracts, it is better placed than peers to withstand an energy shock, Calero says. Near-term catalysts from project ramp-ups should also prevent material underperformance versus peers. RBC downgrades Boliden to sector perform from outperform and lowers its price target to 600 Swedish kronor from 750 kronor. Shares rise 1.2% to 565.40 kronor. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 20, 2026 04:34 ET (08:34 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2620860867","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620860867","pubTimestamp":1773995640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0834 GMT - Swedish miner Boliden faces growing risks to its top line from declining metals prices as the Middle East conflict raises global growth concerns, RBC analyst Marina Calero writes. \"We see increasing downside risk in Boliden's commodity basket  as lower growth expectations start to get priced in.\" Energy accounted for 11% of Boliden's cost base in 2025, but thanks to its mostly underground asset base and fixed-electricity contracts, it is better placed than peers to withstand an energy shock, Calero says. Near-term catalysts from project ramp-ups should also prevent material underperformance versus peers. RBC downgrades Boliden to sector perform from outperform and lowers its price target to 600 Swedish kronor from 750 kronor. Shares rise 1.2% to 565.40 kronor. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Boliden的营收面临金属价格下跌带来的下行风险——市场讨论","themeId":"8603dabb40994e59ac78c04c930c0d49","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"0834 GMT - Swedish miner Boliden faces growing risks to its top line from declining metals prices as the Middle East conflict raises global growth concerns, RBC analyst Marina Calero writes. \"We see increasing downside risk in Boliden's commodity basket (30% copper, 27% zinc, 18% silver) as lower growth expectations start to get priced in.\" Energy accounted for 11% of Boliden's cost base in 2025, but thanks to its mostly underground asset base and fixed-electricity contracts, it is better placed than peers to withstand an energy shock, Calero says. Near-term catalysts from project ramp-ups should also prevent material underperformance versus peers. RBC downgrades Boliden to sector perform from outperform and lowers its price target to 600 Swedish kronor from 750 kronor. Shares rise 1.2% to 565.40 kronor. (dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 20, 2026 04:34 ET (08:34 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":false,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}