Movement Alert｜ZIJIN GOLD INTL Falls 3.23% in Regular Trading, Third-Quarter Profit Slips Sequentially and Target Price Is Cut

Market Focus10-22 09:43

On October 22, ZIJIN GOLD INTL fell 3.23% in Regular Trading, trading at HK$129.3, with turnover of HK$65.0 million.

The latest public catalyst points to a combination of softer third-quarter momentum and an investment bank target price cut, which has weighed on sentiment toward the stock.

Recent company disclosures showed that first-nine-month attributable profit reached US$2.015 billion, up 123% year on year, while revenue rose 70%. However, third-quarter net profit fell about 12% from the prior quarter as some mines faced equipment maintenance and geological changes that slowed production rhythm, and all-in sustaining cost increased to US$1,649 per ounce. At the same time, the gold sector was broadly weak, with peer names also declining, reinforcing pressure on ZIJIN GOLD INTL.

(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.)

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