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ZIJIN MINING Leaps ~4% in Early Session after Citi Elevates TPs by 30%+, Sees Gradual Hike in Div. Payout Ratio
2026-02-12 10:04:18 ZIJIN MINING (02899.HK) opened 2.5% higher at $44.6 this morning (12th), and peaked at $45.22 in the early session. It last printed at $45.18, mounting 3.81%, with 34.9337 million shares traded, involving $1.558 billion. Citi Research raised its target prices for ZIJIN MINING (601899.SH)'s A-/ H-shares by over 30% each, and lifted its earnings forecasts, due to higher gold and lithium price projections and the growth in gold sales. The broker expected the Company to gradually increase its dividend payout ratio, with its model assuming a 40% payout ratio starting from 2025. Therefore, Citi Research elevated its target prices for ZIJIN MINING's H-/ A-shares by 32.8%/ 31.3% to $51.8/ RMB46.6, from $39/ RMB35.5, with ratings at Buy, and kept the stock as its sector top pick. ~ AAStocks Financial News Website: www.aastocks.com | |