Movement Alert|ZIJIN MINING Rises 3.29% in Regular Trading, Jefferies Raises Target Price Ahead of H1 Earnings Briefing

Market Focus
Yesterday

On August 26, ZIJIN MINING rose 3.29% in regular trading, trading at HK$38.18/share with turnover of HK$329 million, rebounding sharply after the previous session's 3.02% decline.

On the news front, Jefferies raised its target price for ZIJIN MINING from HK$49.10 to HK$50.20 on August 25, maintaining a buy rating. The FactSet consensus analyst target price stands at HK$52.32. Additionally, the company is scheduled to hold its H1 earnings briefing at 16:00 today, with market participants anticipating management commentary on the Kamoa copper mine restart timeline and second-half production targets.

The company reported H1 attributable net profit of RMB 39.17 billion, up 68.17% year-over-year, with cumulative dividends exceeding RMB 20 billion within the year. Morgan Stanley previously raised its target price to HK$61, designating the stock as a sector top pick. Within the Diversified Metals & Mining sector, LYGEND RESOURCE rose 6.32%, MMG rose 3.8%, and CMOC rose 3.02%, indicating broad sector strength.

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