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<Research>Jefferies Rates ZIJIN MINING as Buy; 1Q26 NP Doubles, Meeting Forecasts
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ZIJIN MINING (02899.HK) recorded 1Q26 net profit after tax of RMB20.1 billion, nearly doubling YoY, or rising by 44% on a QoQ basis, mainly thanks to broad-based strength in commodity prices, Jefferies wrote in its research report. The results were in line with Jefferies' expectations, accounting for 25% of its full-year forecast. Considering ZIJIN MINING is still actively expanding, the modest increase in its dividend plan is nevertheless a positive signal, while solid cash flow provides a foundation for growth and dividend payouts. Jefferies has given ZIJIN MINING a Buy rating and a target price of HKD49.1. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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