HSBC analyst Howard Lau maintained a Buy rating on Zijin Mining Group Co today and set a price target of HK$41.80. The company’s shares closed yesterday at $4.33.
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According to TipRanks, Lau is a 4-star analyst with an average return of 29.2% and a 74.19% success rate. Lau covers the Basic Materials sector, focusing on stocks such as Zhaojin Mining Industry Co, Zijin Mining Group Co, and Shandong Gold Mining Co., Ltd. Class H.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zijin Mining Group Co with a $4.14 average price target, implying a -4.48% downside from current levels. In a report released on September 29, Bank of America Securities also maintained a Buy rating on the stock with a HK$37.00 price target.
ZIJMF market cap is currently $111.1B and has a P/E ratio of 21.00.
Read More on ZIJMF:
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- Zijin Mining Completes Over-Allotment for Zijin Gold International Spin-Off
- Zijin Mining’s Subsidiary Begins Trading on Hong Kong Stock Exchange
- Zijin Mining Announces Spin-Off and Hong Kong Listing of Zijin Gold International
- Zijin Mining Group to Review Q3 Financial Results
- Zijin Mining Delays Global Offering Due to Weather
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