Movement Alert｜ZIJIN GOLD INTL Intraday Rise 3.34% in Regular Trading, First-Time Overweight Initiation Supports Sentiment

Market Focus10-16

On October 16, ZIJIN GOLD INTL rose 3.34% intraday in Regular Trading, trading at HK$147.9, with turnover of HK$212 million.

The key catalyst was a first-time coverage report that assigned an Overweight rating and a target price of HK$163.8, providing fresh valuation support for the stock.

The report forecast EPS of US$1.05, US$1.25, and US$1.62 for 2026 to 2028, and valued the company at 20 times 2026 PE. It also said both organic expansion and external acquisitions should support production growth. In the first half of 2026, output from Akim, Raygorodok, and Porgera reached 4.0 tonnes, 3.3 tonnes, and 1.3 tonnes, respectively, while AISC at Rosebel and Norton Gold Fields declined year on year, reinforcing expectations for earnings release alongside output expansion.

(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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