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<Research>Citi: ZIJIN MINING (02899.HK) Preliminary Results Beat; Rating Kept at Buy
ZIJIN MINING (02899.HK) recently issued a preliminary results projecting a 54% YoY increase in 1H25 net profit to RMB23.2 billion, accounting for 60% of its full-year forecast and ...
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<Research>Citi: ZIJIN MINING (02899.HK) Preliminary Results Beat; Rating Kept at Buy
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ZIJIN MINING (02899.HK)  +0.150 (+0.735%)    Short selling $218.59M; Ratio 40.072%   recently issued a preliminary results projecting a 54% YoY increase in 1H25 net profit to RMB23.2 billion, accounting for 60% of its full-year forecast and 56% of the market consensus for full-year earnings, beating expectations, according to a research report issued by Citi Research.

This is believed to benefit from increased output and prices of major products, as well as fair value gains from equity investments in 2Q25.

Related NewsG Sachs: Copper Prices Surge to Historical High on Tariffs; Yr-end Copper Price Forecast Kept at US$9,700/ Ton
Citi Research kept rating at Buy for ZIJIN MINING, with a target price of $24.4, and reminded investors that the US implemented a 50% tariff on copper, which could potentially lead to a decline in LME copper price to USD8,800 per ton, a potential unfavorable factor.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 16:25.)

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