02:53 AM EDT, 05/13/2026 (MT Newswires) -- AlphaValue/Baader Europe raised its price target for Boliden (BOL.ST), saying the Swedish metals and mining company's first-quarter beat and recent share price decline are still "worth capitalizing on."

"Despite earnings moderation for the near-term, we believe that the sell-off in recent weeks/months has opened an attractive entry point, as we don't expect the disruption at Garpenberg to result in a permanent loss of zinc-silver volumes. In addition, unlike most peers, Boliden has no direct exposure to the Middle East. In fact, its sulphuric acid exposure as a byproduct, though not more than 2-3% of group sales, could become a dark horse in the coming quarters, like its exposure to precious metals, which have gained the limelight in recent years. Hence, our positive recommendation is reiterated,"according to a Tuesday note.

As such, the research firm increased the add-rated stock's price target by 2.91% to 654 kronor.

On the other hand, analysts cut their full-year 2026 EPS projection by 12.2% to 26.8 kronor, expecting the "bulk of the earnings pain"from the Garpenberg mine disruption in the months ahead. Conversely, an anticipated marginal recovery is projected for the following year and beyond, leading to AlphaValue/Baader Europe raising its 2027 EPS assumption by 12.8% to 33.5 kronor.