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<Research>BNP Paribas Initiates Coverage on ZIJIN GOLD INTL (02259.HK) with Outperform Rating, $157 TP
Recommend 0 Positive 12 Negative 2 |
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ZIJIN GOLD INTL (02259.HK) is China's largest gold mining company, ranking ninth globally in gold reserves, BNP Paribas said in its report. The broker initiated coverage on the company with an Outperform rating, holding a positive view on its strong production growth, competitive asset quality in the global market, solid operational track record, and strong capability to create value through acquisitions. BNP Paribas anticipated that ZIJIN GOLD INTL will achieve strong net profit growth, increasing from USD481 million in 2024 to USD1.287 billion in 2025, USD2.476 billion in 2026, and USD2.399 billion in 2027. This implied strong YoY growth in 2025 and 2026 of 167% and 92%, respectively and staying flattish in 2027. AASTOCKS Financial News Website: www.aastocks.com |
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