Zijin Mining Group

Expansion Into Lithium and Molybdenum Will Support Future Revenue and Profitability

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

30 Mar 25

Updated

11 Dec 25

Views

83

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

146.0%

7D

2.7%

Loading

1Y

146.0%

7D

2.7%

You can edit this narrative until Dec 12 9:05 AM. Then, changes will post as Updates.

Author's Valuation

HK$37.465.5% undervalued

AnalystConsensusTarget Fair Value

Shared on 11 Dec 25

Fair value Increased 0.64%

2899: Lithium Project Ramp Will Drive Long Term Upside Potential

Analysts have slightly raised their price target on Zijin Mining Group to reflect modestly stronger long term revenue growth expectations and a marginally higher valuation multiple, lifting fair value from RMB 37.22 to RMB 37.46 per share, despite a small downward tweak to forecast profit margins. What's in the News Start of production at the Tres Quebradas lithium project in Catamarca, Argentina, positioning Zijin as a growing player in the global battery supply chain, with Phase 1 targeting 20,000 tonnes per annum of lithium carbonate equivalent and a planned expansion to 60,000 to 80,000 tonnes per annum across both phases (Lithium Royalty Corp.

Shared on 27 Nov 25

Fair value Decreased 1.64%

2899: Lithium And Molybdenum Project Ramps Will Drive Future Upside

Analysts have slightly reduced their fair value target for Zijin Mining Group from ¥37.84 to ¥37.22. They cite higher projected revenue growth and improved profit margins as key factors influencing this updated valuation.

Shared on 10 Nov 25

Fair value Increased 1.97%

2899: Expansion Of Molybdenum And Lithium Operations Will Drive Future Upside

Zijin Mining Group Analyst Price Target Update Analysts have raised their fair value estimate for Zijin Mining Group from ¥37.11 to ¥37.84. They cited slight improvements in projected revenue growth and profit margins as key drivers for the upward revision.

Shared on 27 Oct 25

Fair value Increased 16%

Analysts have raised their price target for Zijin Mining Group from ¥32.03 to ¥37.11, citing strengthened revenue growth projections and improvements in profit margin forecasts. What's in the News Board meetings held in October 2025 addressed feedback from directors and approved the third quarterly results, exercise conditions for the 2023 Share Option Incentive Scheme, and other matters.

Shared on 13 Oct 25

Fair value Increased 9.11%

Narrative Update: Zijin Mining Group Analyst Price Target Rises Analysts have raised their price target for Zijin Mining Group from ¥29.36 to ¥32.03. This change reflects increased expectations for revenue growth and improved fair value estimates.

Shared on 29 Sep 25

Fair value Increased 2.22%

The consensus price target for Zijin Mining Group has been revised upward, driven primarily by higher forecast revenue growth and a notable increase in the expected future P/E multiple, resulting in a new target of HK$29.36. What's in the News Zijin Mining commenced production at the Tres Quebradas lithium project in Argentina, targeting 20,000 tpa LCE in Phase 1, with plans to expand capacity to 60,000–80,000 tpa; over USD 600 million invested to date, reflecting a major push into lithium.

Shared on 28 Aug 25

Fair value Increased 16%

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%.

Shared on 01 May 25

Fair value Increased 4.72%

Shared on 23 Apr 25

Fair value Increased 6.22%

Shared on 17 Apr 25

Fair value Decreased 0.18%

AnalystConsensusTarget has increased revenue growth from 7.6% to 9.4%.

Shared on 09 Apr 25

Fair value Decreased 0.67%

AnalystConsensusTarget has increased shares outstanding growth rate from 0.0% to 0.0%.

Shared on 02 Apr 25

Fair value Decreased 3.06%

AnalystConsensusTarget has decreased revenue growth from 9.8% to 7.6% and decreased shares outstanding growth rate from 0.0% to 0.0%.

AnalystConsensusTarget Fair Value

HK$37.46

5.5% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

9.51%

Metals and Mining revenue growth rate

17.64%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.85%

Calculation

CN¥72.74b

Earnings '28

x

16.37x

PE Ratio '28

=

CN¥1.19t

Market Cap '28

CN¥1.19t

Market Cap '28

/

27.15b

No. shares '28

=

CN¥43.87

Share Price '28

CN¥43.87 Share Price '28

Discounted to 2025 @ 8.87% p.a.

=

CN¥34.00

Fair Value '25

CN¥34.00 Fair Value '25

Converted to HKD @ 1.1017 CNY/HKD Exchange Rate

=

HK$37.46

Fair Value '25