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<Research>BofAS Keeps Rating at Buy for ZHAOJIN MINING (01818.HK) on Gradual Gold Production Recovery/ Undemanding Valuation Based on High Prices
Recommend 4 Positive 5 Negative 2 |
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ZHAOJIN MINING (01818.HK)'s 1Q26 revenue was RMB4.46 billion, up 47% YoY, BofA Securities issued a research report saying. Net profit after tax amounted to RMB1.19 billion, up 80% YoY but down 21% QoQ. Overall performance was largely in line with the broker's expectations. Therefore, BofA Securities kept rating at Buy on ZHAOJIN MINING on the gradual recovery in gold production, with spot gold prices remaining above US$4,700 per ounce, and undemanding valuation, with a target price of $44. 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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