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<Research>CICC Raises ZIJIN MINING (02899.HK) TP to $44, Expects Higher Metal Prices & Output
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ZIJIN MINING (02899.HK)'s 2025 operating income was RMB349.08 billion, up 15% YoY, while net profit attributable to the parent company amounted to RMB51.78 billion, up 61.5% YoY, according to a research report issued by CICC. The results were in line with expectations.

Due to the expected increase in metal prices and output, CICC raised its 2026 net profit forecast for the Group by 21.4% to RMB79.02 billion, and introduced a 2027 net profit forecast of RMB94.47 billion.

Related NewsUBS Keeps ZIJIN MINING as Industry Top Pick With TP HKD63.5, Predicts Unchanged Copper Mkt Fundamentals
Therefore, the broker kept ratings at Outperform for ZIJIN MINING's A-/ H-shares, and raised its target prices by 10.5%/ 10% to RMB42/ $44.
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