Movement Alert|ZIJIN MINING Rises 3.3% in Regular Trading, JPMorgan Increases H-Share Stake Amid Strong Earnings Growth

Market Focus07-23

On July 23, ZIJIN MINING rose 3.3% in regular trading, trading at 34.02 HKD/share, with turnover of 5.33 billion HKD.

On the news front, JPMorgan increased its stake in the company's H-shares on July 15, raising its holding from 13.77% to 14.48%, while maintaining an \"Overweight\" rating with a target price of 50 HKD, continuing to list it as a sector top pick. Additionally, the company previously disclosed H1 net profit of approximately 39.1 billion yuan, representing a 68% year-over-year increase, and announced a mid-term dividend plan of 11.1 billion yuan, distributing 4.2 yuan per 10 shares. The dividend is scheduled for payment on August 21.

The broader gold sector continued to strengthen, with peers ZIJIN GOLD INTL up 4.91%, SD GOLD up 4.13%, CHINAGOLDINTL up 3.83%, and LINGBAO GOLD up 3.39%. Gold prices remain supported near the $4,000/oz level, with central bank buying providing a floor.

(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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