Zijin Mining Group Third Quarter 2024 Earnings: Misses Expectations

Zijin Mining Group (HKG:2899) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥80.0b (up 7.1% from 3Q 2023).
• Net income: CN¥9.27b (up 58% from 3Q 2023).
• Profit margin: 12% (up from 7.9% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.35 (up from CN¥0.22 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Zijin Mining Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 9.7%.

Looking ahead, revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Metals and Mining industry in Hong Kong.

Performance of the Hong Kong Metals and Mining industry.

The company's shares are up 1.5% from a week ago.

Risk Analysis

Be aware that Zijin Mining Group is showing 1 warning sign in our investment analysis that you should know about...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.