Movement Alert|Zijin Gold International Falls 3.05% in Regular Trading, Multiple Major Banks Flag Q2 Earnings Miss

Market Focus
07/13

On July 13, Zijin Gold International fell 3.05% in regular trading, trading at 95.25 HKD/share, with turnover of HKD 129 million.

On the news front, Bank of America Securities issued a research note stating that Zijin Mining's Q2 recurring net profit missed expectations, primarily attributable to Zijin Gold International's weak second-quarter performance. Bank of America lowered its target price for Zijin Gold International to 140 HKD, citing the earnings miss. Separately, JP Morgan noted that Zijin Gold International's Q2 profit estimate of approximately USD 590 million significantly undershot its forecast of USD 830 million, driven by declining gold prices, copper and gold production target completion rates below 50%, and more pronounced cost inflation.

Within the Gold sector, the broader segment came under pressure. Among individual stocks, SD Gold down 3.10%, Zhaojin Mining down 2.70%, Zijin Mining down 2.67%, Lingbao Gold down 1.43%, and China Gold International down 0.94%.

(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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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