RBC believes that lower copper and zinc prices will hit mining company Boliden in the coming years. The recommendation is lowered to underperform (sector perform) with a target price of SEK 290 (310).

The bank's analysts believe that copper and zinc prices will fall by an average of 3 and 17 percent next year from today's levels, writes Bloomberg, which has taken note of the analysis.

This is expected to hit Boliden's earnings. RBC expects ebitda to fall 18 percent on an annual basis next year, which is worse than current consensus expectations.