DBS analyst Duncan Chan maintained a Buy rating on Zhaojin Mining Industry Co (ZHAOF – Research Report) on November 29 and set a price target of HK$13.50. The company’s shares closed last Tuesday at $1.41.
According to TipRanks, Chan is a 2-star analyst with an average return of -3.8% and a 33.33% success rate. Chan covers the Basic Materials sector, focusing on stocks such as Albemarle, Alcoa, and Zhaojin Mining Industry Co.
Currently, the analyst consensus on Zhaojin Mining Industry Co is a Moderate Buy with an average price target of $1.73.
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ZHAOF market cap is currently $4.24B and has a P/E ratio of 53.75.
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Zhaojin Mining Industry Co (ZHAOF) Company Description:
Zhaojin Mining Industry Co. Ltd. is an investment holding company, which engages in the exploration, mining, processing, and smelting operations, focusing on gold production business. Its products include standard Au9999 and Au9995 gold bullions. It operates through the following segments: Gold Operations, Copper Operations, and Others. The Gold Operations segment consists of gold mining and smelting operations. The Copper Operations segment consists of copper mining and smelting operations. The Others segment comprises, principally, the group’s other investment activities, a finance company operation, a hotel and catering operation, and engineering design and consulting operation. The company was founded on April 16, 2004 and is headquartered in Yantai, China.
