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<Research>Jefferies Rates ZIJIN MINING as Buy; 1Q26 NP Doubles, Meeting Forecasts
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ZIJIN MINING (02899.HK) recorded 1Q26 net profit after tax of RMB20.1 billion, nearly doubling YoY, or rising by 44% on a QoQ basis, mainly thanks to broad-based strength in commodity prices, Jefferies wrote in its research report. The results were in line with Jefferies' expectations, accounting for 25% of its full-year forecast. Considering ZIJIN MINING is still actively expanding, the modest increase in its dividend plan is nevertheless a positive signal, while solid cash flow provides a foundation for growth and dividend payouts. Jefferies has given ZIJIN MINING a Buy rating and a target price of HKD49.1. Auto-translated by AI AASTOCKS Financial News |
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