02899 ZIJIN MINING
- 17.380
- -0.240-1.36%
ZIJIN MINING News
Gold Soars Against The Odds: Eastern Buying Spree Or 1970s Redux? Billionaire Investor David Einhorn Thinks There's A 'Secular Trend'
Gold has been on a remarkable rise in 2024, reaching record highs. The surge is attributed to a combination of factors, including the de-dollarization trend, central bank buying, and increased demand
Hong Kong stock concept tracking | Small metals or bullish institutions are optimistic that the current high copper price boom is not over yet (with concept stocks)
CITIC Securities: The current boom in copper prices is not over
Silver Price Forecast: XAG/USD Remains Sideways Near $27.60 as Investors Reassess Fed Rate Cut Bets
Silver price consolidates around $27.60 as traders reprice Fed rate cut hopes.
Huafu Securities: Mid-term mining shortage is difficult to ease long-term copper prices still have upward momentum
On the supply side, the tight supply situation on the mining side has not abated. As of April 19, domestic spot copper refining and processing costs were 3.4 US dollars/ton; on the demand side, due to high copper prices, market consumption was sluggish, and shipments in many regions were lower than normal.
Hong Kong Stock Concept Tracking | London copper prices hit $10,000 per ton for the first time since 2022, and copper mining companies are sought after by capital (with concept stocks)
London copper prices hit $10,000 per tonne for the first time since 2022. In 2023, global copper production was 22 million tons, of which Zambia produced 760,000 tons and Congo gold produced 2.5 million tons, accounting for 3.5% and 11.4%, respectively. Zambia has important copper mines such as Sentinel, Kansanshi, and Konkola, and Congo Gold has important copper mines such as Kamoa-Kakula, TFM, KFM, Dikulushi, and Lonshi. SDIC Securities released a research report saying that Zambia will cut electricity supply and the China-Africa copper belt
Hong Kong Stock Concept Tracking | China's gold production and consumption grew year-on-year in the first quarter. Institutions are optimistic that gold stocks have more room to “make up” (with concept stocks)
Guojin Securities: The current market value of gold stocks does not reflect many expectations of rising gold prices, and there is plenty of room to “make up for the rise”
Changes in Hong Kong stocks | China's non-ferrous mining industry (01258) rose more than 6%, leading the rise in copper supply disturbances in copper stocks, which is expected to drive continued price breakthroughs
The Zhitong Finance App learned that copper stocks generally rose in early trading. As of press release, China's non-ferrous mining industry (01258) rose 6.28% to HK$6.77; Minmetals Resources (01208) rose 4.27% to HK$3.66; Luoyang Molybdenum (03993) rose 4.76% to HK$7.49; Zijin Mining (02899) rose 3.17% to HK$17.6. SDIC Securities released a research report saying that Zambia is cutting electricity supply, and the China-Africa copper belt is facing a reduction in production. Copper mine production cuts continue to occur, and Cobre Panama and Sosse, which cut production earlier
紫金礦業：2023年年報
Guojin Securities: The current market value of gold stocks does not reflect the fact that more gold prices are expected to rise, and there is plenty of room to “make up”
The Zhitong Finance App learned that Guojin Securities released a research report saying that the self-production cost growth rate of gold stocks will slow down in 2023. It is expected that in 2024, when gold prices rise and cost control is relatively stable, gold stocks will perform well, and the current market value of gold stocks does not reflect more expectations of rising gold prices, and there is plenty of room to “make up”. It is expected that gold stocks will usher in the main upward trend. It is recommended to focus on Shandong Gold (600547.SH), China Gold (600489.SH), Yintai Gold (000975.SZ), and Chifeng Gold (600988.SH), Zijin Mining (02899)
Analysts' Opinions Are Mixed on These Materials Stocks: Zijin Mining Group Co (OtherZIJMF) and Cemex SAB (CX)
Public funds increased their holdings significantly, and Deng Xiaofeng reduced their holdings of the stock for 5 consecutive quarters
With the disclosure of the fund's report for the first quarter of 2024, the trend of public fund position adjustments came to light. According to China Merchants Securities data, there are generally three ideas for active partial equity fund position adjustments in the first quarter: the first is to lay out a stable dividend sector. Add sectors with high dividends, low fluctuation and abundant free cash flow, such as coal mining, electricity, major state-owned banks, railways and highways. The second is to lay out the offshore chain sector. With the gradual recovery of overseas demand, the export chain is relatively prosperous, and some overseas sectors such as white goods, light industry, and construction machinery have been boosted to varying degrees. The third is the layout of the resource products sector, which is mainly catalyzed by the strengthening of global commodity prices. provisions
Jefferies Adjusts Zijin Mining Group's Price Target to HK$19.30 From HK$18.80, Keeps at Buy
04:34 AM EDT, 04/24/2024 (MT Newswires) -- Jefferies Adjusts Zijin Mining Group's Price Target to HK$19.30 From HK$18.80, Keeps at Buy Price (HKD): $16.98, Change: $+0.64, Percent Change: +3.92%
Large fund managers are entering the market! Enthusiasm for gold investment is high! Why are fund managers all optimistic?
“Increasing precious metal holdings” has become the consensus of the largest fund managers. Citi's analysis of large fund managers found that 83% of fund managers now go long on precious metals. Meanwhile, gold was the only commodity fund allocators added to their portfolios last month.
Changes in Hong Kong stocks | Gold stocks stopped falling and picked up. Poor PMI data weighed on the dollar and gold prices rebounded after falling sharply
Gold stocks ended a two-day decline and picked up collectively in early trading. As of press release, Zijin Mining (02899) rose 3.92% to HK$16.98; Zhaojin Mining (01818) rose 3.05% to HK$12.16.
Gold continues to decline, analysts are calm: pullback is not a bad thing
The Zhitong Finance App learned that gold futures continued to decline on Tuesday, recording the biggest two-day percentage drop since February last year, a drop of nearly 3%, as concerns about escalating tension in the Middle East weakened, weakening the safe-haven appeal of gold. Ole Hansen, head of commodity strategy at Saxo Bank, believes that a pullback in gold is long overdue and healthy, and may challenge traders' beliefs that the price of gold may rise further. Hansen said that the pullback will help determine the actual level of potential demand for gold, and the extent of the adjustment will depend on hedge funds selling after accumulating a large number of long positions during a period of higher gold prices
Changes in Hong Kong stocks | The collective rebound of non-ferrous stocks in early trading, agencies say the upward factors have loosened but there have been no fundamental changes
Non-ferrous stocks rebounded collectively in early trading. As of press release, China's Hongqiao (01378) rose 6.19% to HK$10.3; Zijin Mining (02899) rose 3.43% to HK$16.9; Jiangxi Copper (00358) rose 3.4% to HK$15.82; and China Aluminum (02600) rose 3.36% to HK$4.92.
North and South Water | Nanshui is buying resource stocks and liquor stocks, and Beishui continues to buy China Mobile Tencent and Bank of China
The net sale of A-shares was $2,997 billion, and the net purchase of Hong Kong shares was HK$2.34 billion by Northbound Capital.
Zijin Mining's Q1 Profit Rises 15%
Zijin Mining Group's (HKG:2899, SHA:601899) attributable profit rose 15% year over year to 6.26 billion yuan, or 0.238 yuan per share, in the first quarter, according to a Monday filing with the Hong
Changes in Hong Kong stocks | Copper stocks collectively fell, Shanghai copper prices fell today, institutions say supply risks have subsided or caused copper prices to pull back
The Zhitong Finance App learned that copper stocks fell collectively. As of press release, China's non-ferrous mining industry (01258) fell 4.93% to HK$6.17; Luoyang Molybdenum (03993) fell 4.89% to HK$6.8; Jiangxi Copper (00358) fell 3.92% to HK$15.18; Zijin Mining (02899) fell 3.91% to HK$16.2. According to the news, the main players in Shanghai Copper futures closed down more than 2% today. Jinrui Futures pointed out that the consumer side is being held back by high copper prices, and downstream pickups are slowing down, causing domestic inventories to continue to accumulate unseasonally. Macro liquidity has been further relaxed
[Broker Focus] CITIC Securities indicates that the escalation of supply disturbances on the mining side will push up copper prices and gold prices are expected to be supported by risk aversion
Jinwu Financial News | CITIC Securities said that domestic copper prices rose 3.2% to 79,000 yuan/ton last week, breaking the pre-May 2021 high; domestic aluminum prices fell 1.9%. Supply disturbances on the copper mine side have once again escalated. The tight supply side of alumina is expected to provide cost support for aluminum prices. Combined with expectations of domestic economic recovery, the copper and aluminum sector is expected to remain strong. It is recommended to focus on: Luoyang Molybdenum Industry (03993), Zijin Mining (02899), etc. As the geographical situation heats up and becomes more complicated, the price of gold is expected to be supported by risk aversion, compounded by the significant improvement expectations shown in the first-quarter performance forecasts of many domestic gold companies. The bank
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