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<Research>Citi Lifts MMG (01208.HK) TP to $7.2, Opens 90-Day Positive Catalyst Watch
Citi Research issued a research report lifting its target price for MMG (01208.HK) from $5.7 to $7.2, reflecting updated mineral reserve estimations, higher copper prices and lower...
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<Research>Citi Lifts MMG (01208.HK) TP to $7.2, Opens 90-Day Positive Catalyst Watch
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Citi Research issued a research report lifting its target price for MMG (01208.HK)  +0.160 (+2.370%)    Short selling $41.87M; Ratio 12.653%   from $5.7 to $7.2, reflecting updated mineral reserve estimations, higher copper prices and lower C1 cost guidance assumptions for Las Bambas, with rating at Buy. The broker also opened a 90-day positive catalyst watch on the stock.

Citi Research anticipated that the C1 cost guidance for the Las Bambas project may be lowered, driven by strong gold and copper prices, along with continuously stable output from the Las Bambas project. The broker also predicted higher copper prices to benefit the Company, given the high sensitivity of the Company's net profit to copper price.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-10-02 16:25.)

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