Movement Alert|Zijin Mining Rises 3.05% in Regular Trading, JPMorgan Increases H-Share Stake to 14.48%

Market Focus
Jul 21

On July 21, Zijin Mining rose 3.05% in regular trading, trading at HK$31.06/share, with turnover of HK$558 million.

On the news front, JPMorgan increased its long position in Zijin Mining H-shares on July 15, raising its stake from 13.77% to 14.48%, reflecting continued institutional confidence in the company's investment value. JPMorgan maintains an \"Overweight\" rating with a target price of HK$50, continuing to list the stock as its top sector pick.

The gold sector rallied broadly, with international gold prices stabilizing near the $4,000 level. Spot gold traded at $4,014/oz while New York gold futures quoted $4,012/oz. Within the sector, China Gold International rose 8.07%, Zhaojin Mining gained 5.41%, and Zijin Gold International climbed 5.77%. Fundamentally, Zijin Mining previously disclosed H1 net profit of approximately RMB 39.1 billion, up 68% year-over-year, alongside an RMB 11.1 billion interim dividend plan of RMB 4.2 per 10 shares.

(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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