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<Research>G Sachs Drops ZIJIN MINING (02899.HK) TP to $51, Keeps Buy Rating on Attractive Valuation
Recommend 8 Positive 4 Negative 12 |
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ZIJIN MINING (02899.HK)'s 1Q26 results were in line with expectations, with a recurring net profit of RMB18.9 billion during the period, up 88% YoY, representing 24% of Goldman Sachs' 2026 forecast, Goldman Sachs published a research report saying. Mined gold/ copper output of the Group reached 23%/ 22% of the broker's full-year forecasts, with progress broadly in line with predictions. Goldman Sachs believed that ZIJIN MINING's current valuation is attractive, and kept ratings at Buy on both the A-/ H-shares of ZIJIN MINING. The broker also dropped its target prices for ZIJIN MINING's H-/ A-shares from $52/ RMB50 to $51/ RMB49. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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