Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>G Sachs: ZIJIN MINING Is One of Few Miners to Benefit from Output Growth, Higher Commodity Prices; Conviction List Buy Reiterated
Recommend 20 Positive 13 Negative 17 |
||||
|
||||
|
ZIJIN MINING (02899.HK)'s management attended an investor meeting held by Goldman Sachs on Wednesday (11th), sharing the Company's discussions including production cost control, lithium project progress, financing activities and dividend policy, Goldman Sachs released a research report saying. Goldman Sachs believed that ZIJIN MINING is one of the few mining companies that can benefit from output growth and rising commodity prices. With higher copper prices, Goldman Sachs expected ZIJIN MINING's recurring net profit to increase from RMB22.4 billion in 2023 to RMB41.4 billion in 2026, with a CAGR of 23%. The broker kept rating at Buy on ZIJIN MINING's H-shares (on Conviction List Buy), with a target price of $21.5, as it saw the Company's current valuation as attractive. Goldman Sachs believed that the ongoing implementation of new projects expansion and rising copper prices will act as catalysts. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
