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An announcement from Sandvik AB ( (SE:SAND) ) is now available.
Sandvik has secured a major SEK 420 million order from global mining contractor The Redpath Group to supply underground mining equipment for Evolution Mining’s Cowal Gold Operations in New South Wales, Australia, with deliveries of trucks, loaders and drill rigs scheduled to start in mid-2026 and continue into 2027. The contract, which also includes digital solutions, rock tools, consumables, parts and services, deepens Sandvik’s relationship with Redpath and underscores the company’s positioning as a key provider of integrated, productivity- and safety-focused solutions for complex underground mining operations at long-life assets such as Cowal Gold.
The most recent analyst rating on (SE:SAND) stock is a Hold with a SEK359.00 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 that provides equipment, tools, services and digital solutions aimed at enhancing productivity, profitability and sustainability for customers in the manufacturing, mining and infrastructure industries. With a strong focus on digitalization and process optimization, the group offers world-leading solutions for machining, mining, rock excavation and rock processing, employing around 41,000 people and generating about SEK 123 billion in revenues across more than 150 countries in 2024.
Average Trading Volume: 1,828,026
Technical Sentiment Signal: Buy
Current Market Cap: SEK403B
See more data about SAND stock on TipRanks’ Stock Analysis page.