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New Buy Rating for China Molybdenum Co (CMCLF), the Basic Materials Giant
J.P. Morgan analyst Avery Chan maintained a Buy rating on China Molybdenum Co on December 3 and set a price target of HK$22.00. The company’s shares closed yesterday at HK$18.08.
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Chan covers the Basic Materials sector, focusing on stocks such as Zijin Mining Group Co, Aluminum of China, and China Molybdenum Co. According to TipRanks, Chan has an average return of 15.3% and a 60.61% success rate on recommended stocks.
Currently, the analyst consensus on China Molybdenum Co is a Strong Buy with an average price target of $2.55.
The company has a one-year high of HK$19.17 and a one-year low of HK$4.58. Currently, China Molybdenum Co has an average volume of 50.57M.
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