Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>HSBC Research Expects Copper/ Gold Prices to Continue Being Backed by Geopolitical Factors, Maintains Buy on ZIJIN MINING
Recommend 4 Positive 4 Negative 5 |
||||
|
||||
|
HSBC Global Investment Research published a report on ZIJIN MINING (02899.HK), which had announced its major mineral production plans for the next three years (2026 to 2028) and formulated a long-term goal to become one of the top three in terms of mine-produced copper and gold products by 2035. Besides, the group's copper production guidance for 2025, 2026, and 2028 is 1.09 million tons, 1.2 million tons, and 1.5-1.6 million tons, beating the broker's expectations. The gold production guidance for 2025, 2026, and 2028 is 90 tons, 105 tons, and 130-140 tons. Considering the recent acquisition of Allied Gold, the broker noted that this guidance roughly aligned with its expectations. It also believed that copper and gold prices are underpinned by escalated political risks, supply constraints, and a deteriorating USD. HSBC Global Investment Research maintained its target price for ZIJIN H-shares at HKD58 and for ZIJIN (601899.SH) A-shares at RMB51.2, both with a Buy rating. It anticipated that copper prices will remain elevated this year, backed by structurally tight market. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
