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Express News | Edreams Odigeo Presents Travel Subscription Success at Goldman Sachs’ Premier Conference
Nvidia Stock Is Back on Top. How It's Trading at the End of a Stellar Week.
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Goldman Sachs: Maintains a 'buy' rating for Zijin Mining Group with a target price of HK$21.5.
Goldman Sachs released a research report stating that Zijin Mining Group (02899) is one of the few mining companies that can benefit from the increase in production and the rise in commodity prices. With the rise in the price of copper, the bank expects Zijin's regular net income to increase from 22.4 billion RMB in 2023 to 41.4 billion RMB in 2026, with a compound annual growth rate of 23%. The bank maintains a "buy" rating for Zijin H shares (listed in Hong Kong) and a target price of HKD 21.5, believing that its current valuation is attractive. The bank believes that continued execution of new project expansions and the rise in copper prices will be catalysts for growth. Zijin management mentioned the company...
On September 12, Wells Fargo & Co was restricted from conducting new business and ranked among the top 20 in trading volume on the US stock market.
NVIDIA, the number one trading volume in US stocks on Thursday, rose 1.92%, continuing the strong upward trend from Wednesday, with a trading volume of 43.099 billion US dollars. NVIDIA CEO Jensen Huang reiterated on Wednesday at the Goldman Sachs Technology Conference that the Blackwell chip is already in full production and will start shipping in the fourth quarter. Huang previously stated that there is strong demand for the Blackwell chip, and suppliers' production is catching up. Goldman Sachs reaffirmed its "buy" rating for NVIDIA and continued to include it in the conviction buy list with a target price of $135. Tesla, the second-place, rose 0.74% with a trading volume of 16.43 billion US dollars.
Sector Update: Financial Stocks Edge Higher Late Afternoon
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