Sandvik receives major LKAB mining order, shares trade near analyst target

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-25, 14:51.

Sandvik (SE0000667891) reported a sizeable new mining equipment order from Swedish iron ore producer LKAB this week. The Stockholm-listed engineering group values the order at around SEK 175 million and expects deliveries to start in the second half of 2026, according to a company statement.

Details of the LKAB equipment order

Sandvik said the LKAB contract covers underground mining equipment and digital solutions, including loaders, drills and related automation technology. The company described the order as significant for its Mining and Rock Solutions division and flagged that the equipment will be deployed at LKAB operations in northern Sweden.

The group did not provide a precise delivery schedule but indicated that shipments will run over several quarters beginning late 2026, supporting medium-term revenue visibility in Scandinavia. The deal also deepens a long-running supplier relationship with LKAB, one of Europe’s largest iron ore miners and an important reference customer in the region.

Analyst consensus on Sandvik stock

On the analyst side, Sandvik carries a consensus “Neutral” rating from 20 analysts tracked by Investing.com, with an average 12-month price target of 386.00 Swedish kronor. That compares with a recent closing price around 386.90 kronor on Nasdaq Stockholm, leaving only a small implied downside based on the average target.

The price-target range is wide: the highest target stands at 450 kronor, while the lowest sits at 245 kronor, underlining differing views on medium-term demand in mining and industrial end markets. MarketScreener price data show the shares up more than 30 percent over the past 12 months, outpacing some European capital goods peers.

How Sandvik earns its money

Sandvik generates most of its revenue from industrial equipment and tools, with mining equipment and rock drilling systems a core profit driver. In addition, the group sells metal-cutting tools for manufacturing as well as advanced stainless steels and special alloys used in energy and process industries.

Where the Sandvik shares trade today

The Sandvik shares (SE0000667891) last traded on Nasdaq Stockholm at 386.90 Swedish kronor as of 2026-06-25, 14:30, according to MarketScreener price data.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, investment recommendation or an offer or solicitation to buy or sell any financial instrument. Investors should conduct their own research and, where appropriate, seek professional advice.