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Bank of America Securities raises Zijin Gold International’s target price to HK$150, reiterates "Buy" rating.

59 minutes ago

BofA Securities released a report stating that Zijin Gold International’s first-half net profit reached $1.45 billion, slightly exceeding its profit forecast of around $1.4 billion. The company also declared its first interim dividend, with the broker raising its target price for the stock from HK$140 to HK$150 and reaffirming a "Buy" rating. Based on year-to-date performance, the bank lifted its full-year net profit forecast for the firm by 3% to $3.1 billion, primarily reflecting lower unit cost assumptions.

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