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New Buy Rating for Zijin Mining Group Co (ZIJMF), the Basic Materials Giant

Tipranks - Tipranks - Fri Apr 10, 2:12AM CDT

In a report released yesterday, from First Shanghai Securities maintained a Buy rating on Zijin Mining Group Co, with a price target of HK$47.70. The company’s shares closed yesterday at HK$37.18.

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In addition to First Shanghai Securities, Zijin Mining Group Co also received a Buy from Jefferies’s Shuhang Jiang in a report issued on March 25. However, on the same day, TipRanks – OpenAI downgraded Zijin Mining Group Co (Other OTC: ZIJMF) to a Hold.

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Based on Zijin Mining Group Co’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$94.88 billion and a net profit of HK$13.71 billion. In comparison, last year the company earned a revenue of HK$73.24 billion and had a net profit of HK$7.69 billion

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