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<Research>BofAS Reiterates Rating at Buy on ZIJIN GOLD INTL (02259.HK), Optimistic About Output Growth Prospects
Recommend 4 Positive 11 Negative 8 |
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ZIJIN GOLD INTL (02259.HK) announced its FY2025 results, with a net profit after tax (NPAT) of US$1.6 billion, up 233% YoY, coming in at the upper end of its previous profit alert, according to BofA Securities' research report. The Company proposed a final DPS of $1.5, with a dividend payout ratio of approx. 32%. ZIJIN GOLD INTL's management expected mine-produced gold volume to reach 59.2 tonnes in FY2026, up 26% YoY, and anticipated further growth to 70-75 tonnes by 2028, accounting for 50-58% of its parent company ZIJIN MINING (02899.HK)'s 2028 gold output guidance. The growth is mainly driven by increased capacity at the Akyem and RG mines. Therefore, BofA Securities reiterated rating at Buy on ZIJIN GOLD INTL, with a target price of $280. AASTOCKS Financial News Website: www.aastocks.com |
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