Movement Alert｜MMG Rises 3.11% in Regular Trading, Non-Ferrous Metals Sector Recovery and Institutional Buy Ratings Support Rebound

Market Focus07-31

On July 31, MMG rose 3.11% in regular trading, trading at HKD 8.31 per share, with turnover of HKD 56.06 million. The non-ferrous metals sector saw a broad-based recovery, with peers CMOC up 3.2% and Wanguo Gold Group up 7.18%.

On the news front, the stock had experienced consecutive days of decline due to rising Fed rate hike expectations and USD strength, with the dollar index climbing back above 101. The current move represents a technical rebound following short-term oversold conditions. On fundamentals, MMG reported Q2 total copper production of 137,843 tonnes, up 8% quarter-over-quarter, while lowering C1 cash cost guidance for three mines, benefiting from strong by-product credits in the first half.

BOCI reaffirmed a Buy rating with a target price of HKD 10.93, while Morgan Stanley maintained an Overweight rating with a target price of HKD 11.7, both implying significant upside from the current share price and providing valuation support.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1104877781?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-31 10:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1104877781","market":"us","top_or_hot":-1,"title":"Movement Alert｜MMG Rises 3.11% in Regular Trading, Non-Ferrous Metals Sector Recovery and Institutional Buy Ratings Support Rebound","media":"Market Focus","content":"<p><p>On July 31, MMG rose 3.11% in regular trading, trading at HKD 8.31 per share, with turnover of HKD 56.06 million. The non-ferrous metals sector saw a broad-based recovery, with peers CMOC up 3.2% and Wanguo Gold Group up 7.18%.</p><p>On the news front, the stock had experienced consecutive days of decline due to rising Fed rate hike expectations and USD strength, with the dollar index climbing back above 101. The current move represents a technical rebound following short-term oversold conditions. On fundamentals, MMG reported Q2 total copper production of 137,843 tonnes, up 8% quarter-over-quarter, while lowering C1 cash cost guidance for three mines, benefiting from strong by-product credits in the first half.</p><p>BOCI reaffirmed a Buy rating with a target price of HKD 10.93, while Morgan Stanley maintained an Overweight rating with a target price of HKD 11.7, both implying significant upside from the current share price and providing valuation support.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜MMG Rises 3.11% in Regular Trading, Non-Ferrous Metals Sector Recovery and Institutional Buy Ratings Support Rebound</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜MMG Rises 3.11% in Regular Trading, Non-Ferrous Metals Sector Recovery and Institutional Buy Ratings Support Rebound\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-31 10:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On July 31, MMG rose 3.11% in regular trading, trading at HKD 8.31 per share, with turnover of HKD 56.06 million. The non-ferrous metals sector saw a broad-based recovery, with peers CMOC up 3.2% and Wanguo Gold Group up 7.18%.</p><p>On the news front, the stock had experienced consecutive days of decline due to rising Fed rate hike expectations and USD strength, with the dollar index climbing back above 101. The current move represents a technical rebound following short-term oversold conditions. On fundamentals, MMG reported Q2 total copper production of 137,843 tonnes, up 8% quarter-over-quarter, while lowering C1 cash cost guidance for three mines, benefiting from strong by-product credits in the first half.</p><p>BOCI reaffirmed a Buy rating with a target price of HKD 10.93, while Morgan Stanley maintained an Overweight rating with a target price of HKD 11.7, both implying significant upside from the current share price and providing valuation support.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01208","symbol_name":"五矿资源","start_time":0,"source_url":"","article_id":"1104877781","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1104877781","pubTimestamp":1785463511,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 31, MMG rose 3.11% in regular trading, trading at HKD 8.31 per share, with turnover of HKD 56.06 million. The non-ferrous metals sector saw a broad-based recovery, with peers CMOC up 3.2% and...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01208":"五矿资源"},"translate_title":"走势预警|MMG常规交易上涨3.11%，有色金属板块复苏，机构买入评级支撑反弹","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01208":1},"content_text":"On July 31, MMG rose 3.11% in regular trading, trading at HKD 8.31 per share, with turnover of HKD 56.06 million. The non-ferrous metals sector saw a broad-based recovery, with peers CMOC up 3.2% and Wanguo Gold Group up 7.18%.On the news front, the stock had experienced consecutive days of decline due to rising Fed rate hike expectations and USD strength, with the dollar index climbing back above 101. The current move represents a technical rebound following short-term oversold conditions. On fundamentals, MMG reported Q2 total copper production of 137,843 tonnes, up 8% quarter-over-quarter, while lowering C1 cash cost guidance for three mines, benefiting from strong by-product credits in the first half.BOCI reaffirmed a Buy rating with a target price of HKD 10.93, while Morgan Stanley maintained an Overweight rating with a target price of HKD 11.7, both implying significant upside from the current share price and providing valuation support.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1104877781","isCrawlerRequest":true}