Update shared on28 Aug 2025
Fair value Increased 5.74%The upward revision in Zijin Mining Group's price target is primarily driven by a significant increase in forecasted Future P/E alongside a modest improvement in expected revenue growth, resulting in a new fair value estimate of HK$26.26.
What's in the News
- Zijin Mining Group estimates H1 2025 net profit attributable to owners at RMB 23.2 billion, up 54% year-over-year; net profit after non-recurring items is estimated at RMB 21.5 billion, up 40%.
- Partial underground mining at Kamoa-Kakula Copper Mine was temporarily interrupted due to seismic activity, causing flooding; attributable 2025 copper production guidance reduced by 44,000–93,000 tonnes.
- Kamoa-Kakula’s reduced copper output is expected to impact Zijin’s 2025 net profit; Phase 3 concentrator and other mining areas remain operational, with plans for gradual recovery.
- Zijin Mining removed from Shanghai Stock Exchange 180 Value Index.
- Shareholders approved the proposed spin-off and listing of Zijin Gold International Company Limited, a subsidiary, on the Hong Kong Stock Exchange.
Valuation Changes
Summary of Valuation Changes for Zijin Mining Group
- The Consensus Analyst Price Target has risen from HK$24.84 to HK$26.26.
- The Future P/E for Zijin Mining Group has significantly risen from 13.56x to 15.55x.
- The Consensus Revenue Growth forecasts for Zijin Mining Group has risen slightly from 7.8% per annum to 8.2% per annum.
Disclaimer
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