B · Normal
[BofA Securities: Zijin Mining's third-quarter net profit was weaker than expected, with output softer and costs rising] On October 26, Bank of America Securities issued a research report stating that Zijin Mining's third-quarter net profit was worse than expected, with softer output and rising costs. The bank believes that the stock valuation is not expensive, maintaining a "buy" rating and a target price of HK$43. It is optimistic about the prospects for copper prices and continued growth in output. The bank believes that there are downside risks to the full-year production targets for gold and copper, while lithium production is generally in line with progress.
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