Movement Alert|Zijin Mining Rises 3.11% in Regular Trading, H1 Profit Up 68% with Multiple Banks Maintaining Buy Ratings

Market Focus
07/14

On July 14, Zijin Mining rose 3.11% in regular trading, trading at 30.62 HKD/share with turnover of 814 million HKD, recovering significantly from the previous session's 3.27% decline.

On the news front, the company previously disclosed its H1 earnings preview, projecting attributable net profit of approximately 39.1 billion yuan, up 68% year-over-year, while non-GAAP net profit reached approximately 37.9 billion yuan, up 75%, both setting record highs for the same period. Although Bank of America noted Q2 recurring net profit slightly missed expectations due to weak performance at Zijin Gold International, JPMorgan maintained its Overweight rating with a 50 HKD target price, Citi assigned a Buy rating with a 51.8 HKD target, and BOCI also maintained its Buy rating stating results largely met expectations. JPMorgan continues to list Zijin Mining as its top sector pick.

Within the Gold sector, peers showed broad strength: Lingbao Gold up 6.44%, China Gold International up 5.87%, Zijin Gold International up 4.82%, Shandong Gold up 2.75%, and Zhaojin Mining up 1.71%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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