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<Research>Citi Expects ZHAOJIN MINING (01818.HK) to Benefit from Rising Gold Price, Maintains Firm as Top Pick
Recommend 1 Positive 6 Negative 3 |
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ZHAOJIN MINING (01818.HK)'s 1Q25 net profit rose 198% YoY, driven by rising gold price and higher self-produced mine gold output, Citi Research issued a research report saying. As a pure gold producer, the broker believed that the company will benefit from higher gold price. Citi Research estimated that ZHAOJIN MINING's 2025 net profit will increase by 10% if the average gold price rises by 5% over the current base case projection at US$3,000 per ounce. The broker maintained the Group as its top pick, with a target price of $21.6 (based on a DCF valuation) and rating at Buy. AAStocks Financial News |
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