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<Research>HSBC Research Lifts ZIJIN MINING (02899.HK) TP to $43, Keeps Rating at Buy
Recommend 4 Positive 16 Negative 5 |
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ZIJIN MINING (02899.HK)'s 3Q25 earnings grew 57% YoY, slightly beating HSBC Global Research's expectation, mainly driven by higher gold prices, increased sales volume and one-off gains, more than offsetting the impact of higher unit costs, HSBC Global Research issued a research report saying. Gross profit margin reached 24%, up 6 ppts YoY, benefiting from higher gold prices and contribution from new mines. Therefore, the broker kept rating at Buy for ZIJIN MINING, and lifted its target price from $41.8 to $43 on attractive valuation. HSBC Global Research remained optimistic about ZIJIN MINING, and believed that the Company's high-quality assets support steady output growth, with an expected earnings CAGR of 31% for 2024-2027. AASTOCKS Financial News Website: www.aastocks.com |
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