Citigroup Adds Zijin Mining to Pan-Asia Focus List with Bullish Outlook on Metal Output
Stock News
Mar 09
Citigroup has issued a research report setting a target price of HK$51.8 for Zijin Mining (02899) and assigning a "Buy" rating. The bank has included Zijin Mining in its Pan-Asia Focus List, citing expectations for substantial growth in gold, copper, and lithium production over the coming years. This outlook is supported by management's strong track record in mergers and acquisitions. Geopolitical tensions and central bank gold purchases are likely to keep gold prices elevated in the near term, while the structural bull market for copper remains intact.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.