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<Research>UOB Kay Hian Sets TP for ZIJIN MINING (02899.HK) at $51.6 as 2025 Results in Line, Gold Prices Boost Growth
Recommend 4 Positive 8 Negative 2 |
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ZIJIN MINING (02899.HK)'s 2025 results were in line with expectations, with profit rising by 61.5% YoY to RMB51.777 billion, mainly benefiting from the strong positive factors of gold prices, UOB Kay Hian said. The Group produced 89.5 tons of mine-produced gold, an increase of 22.8% YoY, and 1.09 million tons of mine-produced copper, an increase of 1.6% YoY, the report noted. Meanwhile, the Group's gross margin expanded to 27.7%, up 7.4 ppts YoY. Gold/ copper contributed 40.9%/ 34.5% to the Group's gross profit, respectively. Therefore, the broker kept rating at Buy on ZIJIN MINING, with a target price of $51.6. AASTOCKS Financial News Website: www.aastocks.com |
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