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New Buy Rating for China Molybdenum Co (CMCLF), the Basic Materials Giant
Goldman Sachs analyst maintained a Buy rating on China Molybdenum Co today and set a price target of HK$27.00.
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In addition to Goldman Sachs, China Molybdenum Co also received a Buy from TipRanks – Google’s Google 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.
Based on China Molybdenum Co’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of HK$50.7 billion and a net profit of HK$5.61 billion. In comparison, last year the company earned a revenue of HK$51.94 billion and had a net profit of HK$2.86 billion
Read More on CMCLF:
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- CMOC Raises US$1.2 Billion via Zero-Coupon Convertible Bonds for Overseas Expansion
- Equinox Gold completes sale of Brazil operations for $1.015B
- CMOC Group to Raise US$1.2 Billion via Premium-Priced Convertible Bonds
- CMOC Forecasts Over 50% Surge in 2025 Net Profit on Higher Metal Prices and Volumes
- China Molybdenum Co Invests in High-Growth Sectors through Boyu Capital Fund
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