by winston » Fri May 05, 2017 11:27 am
not vested
April 19, 2017
<Research Report>Citi: ZIJIN MINING (02899.HK) Kept Buy; Reports Strong Profit Growth in 1Q
Citigroup, in its report, said supported by higher metal prices, ZIJIN MINING (02899.HK) posted a positive 1Q profit alert, expecting 50% yearly earning growth even excluding the impact of gold hedging.
The broker kept the stock at Buy with target price of $3.8.
The broker said the preliminary guidance of RMB1 billion profit in 1Q represents 29% of the broker's full year estimate.
It is worth pointing out that 1Q is usually a weaker quarter due to lower volumes, but the company still posted bright results, Citigroup said.
Source: AAStocks Financial News
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