On May 20, Zijin Mining fell 3.17% in regular trading, trading at 32.38 HKD/share, with trading volume of 390 million HKD. The decline marks a continuation of consecutive losing sessions for the stock as the broader Hong Kong-listed gold and precious metals sector remains under sustained selling pressure.

On the news front, multiple investment banks have recently downgraded their target prices for Zijin Mining. Goldman Sachs lowered its H-share target from 52 HKD to 51 HKD, citing higher unit mining costs driven by rising energy prices, while BOCI cut its target to 46.84 HKD, trimming earnings forecasts for the next two to three years by approximately 2%. The downgrades come against a backdrop of US April CPI surging 3.8% year-on-year — the largest increase in nearly three years — effectively eliminating near-term rate cut expectations, strengthening the US dollar, and pressuring gold prices. Additionally, India's decision to raise gold import tariffs from 6% to 15% has further dampened physical gold demand. Copper price stagnation and lithium sector sentiment retreat are creating additional headwinds. The A-share price has already retreated over 25% from its 52-week high.

Within the Gold sector, declines were broad-based: Zijin Gold International down 3.03%, Lingbao Gold down 3.11%, China Gold International down 0.97%, Zhaojin Mining down 2.99%, and SD Gold down 3.12%.

(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.)