Sandvik (SDVKY, Financial) has secured a major contract with South32 to supply an extensive fleet of underground mining equipment for the Hermosa critical minerals project in Arizona. This deal, estimated at SEK 750 million, will see deliveries primarily of battery-electric vehicles beginning in late 2026 and extending through 2030.
Key Highlights
- Sandvik to provide advanced mining equipment for the Hermosa project in Arizona.
- The contract, valued at SEK 750 million, emphasizes a shift toward sustainable mining solutions.
- Investment considerations include price targets and GF Value estimates.
Wall Street Analysts Forecast
According to the one-year price targets set by 1 analyst, Sandvik AB (SDVKY, Financial) is expected to reach an average price of $16.82. Both the high and low estimates align at $16.82. This average target suggests an 18.86% downside from the current trading price of $20.73. Investors looking for more thorough analysis can visit the Sandvik AB (SDVKY) Forecast page for detailed estimate data.
Sandvik AB (SDVKY, Financial) holds an average brokerage recommendation of 4.0, signaling an "Underperform" status, as per the consensus from 1 brokerage firm. The recommendation scale ranges from 1 to 5, where 1 indicates a Strong Buy and 5 suggests a Sell.
GuruFocus Estimates
Based on GuruFocus data, the estimated GF Value for Sandvik AB (SDVKY, Financial) over the next year is projected at $23.91. This indicates a potential upside of 15.34% from the current stock price of $20.73. The GF Value is calculated considering the stock's historical trading multiples, past business growth, and future business performance estimates. Those interested in deeper insights can explore the Sandvik AB (SDVKY) Summary page for more detailed data.
