On July 15, Zijin Gold International fell 3.2% in regular trading, trading at HK$99.7/share, with turnover of HK$228 million. The stock retreated after a 5.64% rebound the prior session, as concerns over disappointing Q2 results continued to weigh on sentiment.

On the news front, Bank of America Securities recently cut its target price for the company by 11% from HK$158 to HK$140, while lowering its full-year net profit forecast by 6% to US$3 billion, primarily due to higher unit cost assumptions. The bank estimated Q2 net profit at US$593 million, down 27% quarter-over-quarter, significantly below JPMorgan's expectation of US$830 million. Management attributed the weakness to rising energy costs, one-off expenses at the RG mine, non-linear production ramp-up across multiple mines in expansion phases, and weather disruptions.

At the industry level, the gold sector traded broadly lower, with Zijin Mining down 0.52%, SD Gold down 2.5%, Zhaojin Mining down 2.32%, Lingbao Gold down 2.54%, and China Gold International down 2.35%.

(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.)