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China Molybdenum Co (CMCLF): New Buy Recommendation for This Basic Materials Giant

Tipranks - Tipranks - Mon Jan 19, 6:24AM CST

In a report released on January 16, Shuhang Jiang from Jefferies maintained a Buy rating on China Molybdenum Co, with a price target of HK$25.90. The company’s shares closed last Friday at HK$22.50.

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According to TipRanks, Jiang is a 5-star analyst with an average return of 110.0% and a 95.00% success rate. Jiang covers the Basic Materials sector, focusing on stocks such as China Molybdenum Co, Zijin Mining Group Co, and Aluminum of China.

In addition to Jefferies, China Molybdenum Co also received a Buy from TipRanks – xAI’s xAi Industrial Materials in a report issued on January 16. However, on January 14, TipRanks – Anthropic downgraded China Molybdenum Co (Other OTC: CMCLF) to a Hold.

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The company has a one-year high of HK$23.46 and a one-year low of HK$4.58. Currently, China Molybdenum Co has an average volume of 44.08M.

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