Zijin Mining's Strong Profitability Likely to Continue -- Market Talk

Dow Jones15:07

0707 GMT - Zijin Mining Group's strong profitability is likely to continue, say analysts at DBS Group Research in a note. Its 1Q results benefited from rising metal prices, they note, and expect optimism around core-profit contributor gold to continue, backed by central-bank buying and speculative demand linked to exchange-traded funds. Meanwhile, lithium is emerging as a new growth engine, as surging battery demand and supply disruptions keep its prices elevated. The Chinese miner's strong operating cash flow could support capacity and resource expansion, they add. DBS retains its buy rating, and HK$55.00 and 51.00 yuan target prices on Zijin's Hong Kong and Shanghai shares, respectively. H shares are last at HK$38.02, while A shares closed at 35.53 yuan. (megan.cheah@wsj.com)

 

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April 22, 2026 03:07 ET (07:07 GMT)

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