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Bank of America Securities: Maintaining Zijin Mining's “Buy” Rating Target Price of HK$21
Bank of America Securities released a research report stating that it maintains Zijin Mining's (02899) “buy” rating, with a target price of HK$21. The bank expects spot copper and gold prices to increase 14% from the average price in the first quarter of this year, and believes Zijin's strong profit momentum will continue in the second quarter. According to the bank's forecast model, every 1% increase in copper/gold prices will cause Zijin's net profit after tax to increase by 1.1%/0.7% this year. The report mentioned that the company's first-quarter results were in line with expectations. Net profit after tax was RMB 6.3 billion, up 15% year on year and 26% month on month, reaching 22% and 23% of the bank and market's predictions for the company for the full year; revenue reached 75
新浪港股23:31 ET
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mr_cashcow : Missed prediction again
SFRE Keith : happens to be the 5% mooers.
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103353263 : Agree