Citigroup Maintains "Buy" Rating on Zhaojin Mining with HK$37.5 Target Price
Stock News
Yesterday
Citigroup has reaffirmed its "Buy" rating on Zhaojin Mining (01818) with a target price of HK$37.5. The company's net profit for 2025 is projected to reach 3.614 billion yuan, representing a 149% year-on-year increase, primarily driven by higher gold production and rising gold prices. This figure exceeds market consensus by 5%. Net profit for the second half of 2025 is estimated at 2.174 billion yuan, up 142% year-on-year and 51% half-on-half, surpassing the bank's expectations. The company declared a cash dividend of 0.1 yuan per share for the 2025 fiscal year, with a payout ratio of approximately 10%.
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