Bank of America Securities: Raises Zhijin Gold International's Target Price to HK$150, Reaffirms "Buy" Rating

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BlockBeats News, August 18, Bank of America Securities published a report stating that Zijin Mining's international net profit in the first half of the year was $1.45 billion, slightly higher than the earnings forecast of about $1.4 billion. The company also announced its first interim dividend, raised its target price from HK$140 to HK$150, and reiterated a "Buy" rating.

Based on the year-to-date performance, the bank raised the company's full-year net profit forecast by 3% to $3.1 billion, mainly due to a lower unit cost assumption.

ソース：BlockBeats

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