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<Research>BofAS: ZIJIN MINING (02899.HK) Raises Output Guidance; TP $50 & Rating Kept at Buy
Recommend 4 Positive 9 Negative 2 |
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ZIJIN MINING (02899.HK) raised its 2026-2028 production guidance, and expected its mined gold output to reach 130-140 tons by 2028, compared to the previous guidance of 100-110 tons, with a CAGR of 13-16% from 2025 to 2028, BofA Securities published a research report saying. Therefore, the broker reiterated ZIJIN MINING as its top pick, and kept rating at Buy, with target prices of $50/ RMB45 for ZIJIN MINING's H-/ A-shares. BofA Securities believed that the Company has strong long-term output growth, strict cost control and reasonable valuation, and was positive about its gold and copper prices outlook. AASTOCKS Financial News Website: www.aastocks.com |
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