0754 GMT - Rising gold prices could boost Zijin Gold International's earnings, DBS analyst Eun Young Lee says in a note. DBS forecasts gold prices to rise 42% in 2025 and 9% in 2026, and thinks Zijin Gold International could attract investors as a pure-gold player, the analyst notes. "With the record high gold prices, stronger sales volume growth brightens its earnings growth outlook," the analyst says. Zijin Gold's acquisition of Allied Gold could further bolster its earnings growth, as the transaction boosts its reserves by 5.8% and resources by 20.9%, she adds. DBS raises its 2026 and 2027 earnings forecasts for Zijin Gold by 120% and 121%, respectively. Zijin Gold's shares are 0.7% lower at HK$209.00. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
February 10, 2026 02:54 ET (07:54 GMT)
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