Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>G Sachs Lifts 2026-27 Gold Price Estimates, Raises TPs & Earnings Forecasts for ZIJIN MINING/ CMOC
Recommend 12 Positive 31 Negative 11 |
||||
|
||||
|
Goldman Sachs has released a report raising its 2026-27 gold price forecasts by 10-16%, with average prices of USD4,978/ USD5,585 per ounce for 2026/ 1H27, respectively. It also lifted its 2026 copper price forecast by 7% to USD12,200 per ton. Accordingly, Goldman Sachs has increased its 2026-27 earnings forecasts for Chinese copper and gold miners under its coverage by 9-33%. Goldman Sachs' top picks are ZIJIN MINING (02899.HK) and CMOC (03993.HK), as they benefit not only from rising commodity prices but also from simultaneous growth in copper and gold production. The 2026-27 recurring earnings forecasts for ZIJIN MINING have been elevated by 14-18%. Its target price has risen from HKD39.5 to HKD52, with a Buy rating remaining in place. Likewise, Goldman Sachs has added 20-24% to its 2026-27 recurring earnings forecasts for CMOC. CMOC's target price has ascended from HKD21.5 to HKD27, with an unchanged Buy rating. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
