Citigroup: Raises the Target Price for Zijin Mining Group to HKD 24.4, rated "Buy."

Citi released a Research Report stating that Zijin Mining Group (02899) reported a Net income of 32.1 billion yuan RMB last year, a 52% year-on-year increase, which is in line with the earlier profit upgrade. Excluding one-time items, the recurring Net income rose 47% year-on-year to 31.7 billion yuan RMB, meaning that the profit in the fourth quarter of last year increased by 55% year-on-year to 7.7 billion yuan RMB. A final dividend of 0.28 yuan RMB was declared, with a total annual dividend of 0.38 yuan RMB, resulting in a payout ratio of 32%. The bank has raised its Net income forecast for Zijin this year by 2% to 39.4 billion yuan RMB, while lowering the forecast for next year by 11% to 44.9 billion yuan RMB, and expects it to reach 52.4 billion yuan RMB by 2027. The bank has

Sina Hong Kong Stock06:12 ET

UBS Group: Raised the Target Price of Zijin Mining Group to 24.5 Hong Kong dollars, rating "Buy".

UBS Group released a Research Report stating that Zijin Mining Group (02899) achieved a net profit of 32.051 billion yuan last year, aligning with previous profit forecasts, with a final dividend of 0.28 yuan per share, leading to an annual dividend payout ratio of 32%. The bank expects investors to react positively to this performance and that the dividend payout meets market expectations. Additionally, it raised the company's profit forecast for this year by 10% to 41 billion yuan, increasing the Target Price from 22.3 HKD to 24.5 HKD, while maintaining its rating as "Buy."

Sina Hong Kong Stocks06:10 ET

Gold prices are soaring, but jewelers in Asia and the Middle East are not smiling.

Jewelry merchants across Asia and the Middle East are striving to cope with the issue of declining jewelry demand.

Zhitong Finance02:55 ET

Hong Kong stocks move | Most copper industry stocks rise as copper prices break through the $0.01 million mark. The CEO of BHP Group Ltd expects a huge gap in future copper supply.

Most copper stocks rose in early trading. As of the time of reporting, CMOC Group Limited (03993) increased by 10.08%, trading at 6.77 HKD; JIANGXI COPPER (00358) rose by 5.32%, trading at 14.26 HKD; MMG (01208) rose by 4.15%, trading at 3.01 HKD.

Zhitong Finance23:27 ET

Hong Kong Stock Concept Tracking | BHP Group Ltd believes there will be a significant gap in Global Copper supply in the future, and the USA's copper grabbing is causing global chaos (with concept stocks attached).

The CEO of BHP Group Ltd stated that the global Copper supply gap will reach 10 million tons in the next decade.

Zhitong Finance22:11 ET

Zijin Mining's 2024 Profit Jumps 52%; EPS Beats Estimates

MT Newswires21:51 ET

The "well-known bulls" in the copper market support: inventory transfer + supply not meeting demand, copper prices can rise another 1/3 at most!

A highly regarded bullish figure in the Copper market once again predicts that copper prices will reach an all-time high.

Zhitong Finance21:21 ET

Gold Gains 15% This Year, Stays Above US$3,000 Mark

Business Today21:09 ET

Zijin Mining Group plans to hire Deloitte Huayong Accounting Firm.

Zijin Mining Group (02899) announced that, given Ernst & Young Hua Ming has provided auditing services to the company for many years, in order to ensure the independence and objectivity of the audit work, in accordance with the relevant requirements of the "Management Measures for the Appointment of Accounting Firms by State-owned Enterprises and Listed Companies," and after a comprehensive and prudent evaluation, the company plans to change its accounting firm. The company intends to appoint Deloitte Hua Yong Certified Public Accountants LLP to replace Ernst & Young Hua Ming Certified Public Accountants LLP.

新浪港股20:23 ET

Zijin Mining Group announced its 2024 performance, with a net income of 32.051 billion yuan, a year-on-year increase of 51.76%.

Zijin Mining Group (02899) announced its 2024 performance, with revenue of approximately 303.64 billion yuan, a year-on-year increase of 3.49%; net income attributable to shareholders of the listed company was about 32.051 billion yuan, a year-on-year increase of 51.76%; the basic EPS was 1.21 yuan, and a cash dividend of 2.8 yuan (tax included) was distributed for every 10 shares.

Sina Hong Kong Stocks20:22 ET

Zijin Mining Group (02899) intends to declare a final dividend of 2.8 yuan for every 10 shares.

Zijin Mining Group (02899) announced that the company intends to distribute the final dividend for the year ending December 31, 2024...

Zhitong FinanceMar 23 07:06 ET

Zijin Mining Group Reports Strong Financial Growth in 2024

TipRanksMar 23 06:37 ET

Express News | Zijin Mining Group FY Gross Margin 20.37%

ReutersMar 23 06:32 ET

Express News | Zijin Mining Group FY Net Income RMB 45.32 Million

ReutersMar 23 06:32 ET

ZIJIN MINING: Annual Results Announcement for the Year Ended 31 December 2024

HKEXMar 23 06:32 ET · Announcements

Zhang Jinglin: Is London gold finding a bottom and rising with no hope of reaching a peak? Analysis and forecast of gold market trends on March 22nd next Monday.

Zhang Jinglin: Is the London Gold finding a bottom and struggling to rise? Analysis and forecast of next week's gold market trends on March 22!

Jinse FinanceMar 23 04:40 ET

Zijin Mining Group (HKG:2899) Shareholders Have Earned a 47% CAGR Over the Last Five Years

Simply Wall StMar 22 22:04 ET

Zijin Mining Group's revenue has exceeded 300 billion, achieving a historic high. Chen Jinghe: There should be a mindset of preparation for "winter" | Interpretations

① In 2024, Zijin Mining Group's net profit increased by more than 50% to reach 32.051 billion yuan, with revenue exceeding 300 billion yuan for the first time; ② The company's Director, Chen Jinghe, emphasized the need to be prepared for 'winter' in terms of mindset.

cls.cnMar 22 00:27 ET

Gold Rushing Over $3,000 Forever?

Zacks Mar 21 15:35 ET

Update: Gold Pauses Its Record Run as the Dollar Rises

MT NewswiresMar 21 14:00 ET