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Zijin Mining Group Co (ZIJMF): New Buy Recommendation for This Basic Materials Giant

Tipranks - Fri Jun 5, 12:28AM CDT

Cinda International Research Limited analyst maintained a Buy rating on Zijin Mining Group Co yesterday and set a price target of HK$40.00. The company’s shares closed yesterday at HK$34.24.

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Zijin Mining Group Co has an analyst consensus of Strong Buy, with a price target consensus of HK$51.95.

Based on Zijin Mining Group Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of HK$97.61 billion and a net profit of HK$19.9 billion. In comparison, last year the company earned a revenue of HK$78.93 billion and had a net profit of HK$10.17 billion

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