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Sandvik AB ( (SE:SAND) ) has shared an update.
Sandvik has secured a large SEK 160 million order from Eldorado Gold for battery-electric trucks and loaders to be deployed at the Lamaque underground mine in Val-d’Or, Québec, with deliveries scheduled to start in mid‑2026 and extend into 2027. Combined with a previous SEK 65 million order, the deal will expand Lamaque’s Sandvik battery-electric vehicle fleet from two to 12 units, underscoring the growing adoption of Sandvik’s BEV technology and strengthening its position in the shift toward more efficient, safer and lower-emission mining operations.
The most recent analyst rating on (SE:SAND) stock is a Buy with a SEK308.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.
More about Sandvik AB
Sandvik is a global high-tech engineering group serving the manufacturing, mining and infrastructure industries with equipment, tools, services and digital solutions aimed at boosting productivity, profitability and sustainability. The company is a leader in digitalization and offers world‑leading solutions for machining, mining, rock excavation and rock processing, employing about 41,000 people and generating roughly SEK 123 billion in revenue across more than 150 countries in 2024.
Average Trading Volume: 1,941,684
Technical Sentiment Signal: Buy
Current Market Cap: SEK356.6B
See more insights into SAND stock on TipRanks’ Stock Analysis page.