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Is Zangge Mining Company Limited (SZSE:000408) Potentially Undervalued?
Huachuang Securities Starts Zangge Mining at Add With 33.30 Yuan Price Target
Research Reports highlight the opportunity | Huachuang Securities: Initiates a "Recommended" rating for Zangge Mining, with a Target Price of 33.3 yuan.
Huachuang Securities Research Reports point out that Zangge Mining (000408.SZ) is an important domestic producer of potassium lithium salts and Copper, providing high dividends to Shareholders. The company is actively laying out high-quality potassium fertilizer resources both domestically and internationally: domestically steadily advancing the three major projects of the Dalangtan Heibei Potassium Salt Mine, the Jianshishan Potassium Salt Mine, and the eastern section of the Xiaoliangshan-Dafengshan area deep brine potassium salt mine, with a total exploration right area of 1,400 square kilometers; overseas, a potassium salt exploration agreement has been signed with Laos, and the exploration report and potassium salt mine reserve certificate have been obtained. The estimated total amount of potassium chloride resources within 157.72 square kilometers in Setani County and Ba'e County is 0.984 billion tons, with the first phase potassium chloride project expected.
gtja: The lithium price has bottomed out by the end of 2024, and it is expected to fluctuate in the bottom range in 2025.
Due to the time lag in the construction of lithium projects, the overall upstream lithium capacity expansion is lagging behind the rise in lithium prices, and there are still a large number of projects awaiting implementation for expansion.
Zangge Mining (000408.SZ): cumulative repurchased 0.36% of shares
On December 2, Gelonghui reported that Zangge Mining (000408.SZ) announced that as of November 30, 2024, the company had repurchased a total of 5,688,528 shares through a dedicated securities account for stock repurchase via centralized bidding, accounting for 0.36% of the company's total share capital. The highest fill price was 30.51 yuan per share, the lowest fill price was 22.65 yuan per share, and the total transaction amount was 150,925,185.73 yuan (excluding trading fees).
China Huafu Securities: In October, copper ore imports fell compared to the previous month, and the processing fees remained stable at a low level.
As the usa Federal Reserve deepens interest rate cuts to boost investment and consumer spending, while also opening up domestic mmf policy space, the rebound of inflation brought about by loose monetary and fiscal policies after the usa election will support an upward shift in copper prices.
Some Zangge Mining Company Limited (SZSE:000408) Analysts Just Made A Major Cut To Next Year's Estimates
