Understanding the Market | LAOPU GOLD rose nearly 6% recently receiving positive endorsements from multiple major banks, with the jewelry peak season expected to boost terminal sales
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LAOPU GOLD's stock price rose nearly 6%, with an increase of 5.98% as of the time of publication, trading at HKD 304.6, with a transaction volume of HKD 66.5548 million. Several institutions, including China International Capital Corporation (CICC) and Goldman Sachs, are optimistic about its growth prospects, raising their net profit forecasts and target prices for the coming years. CICC raised its target price by 67% to HKD 343.26, Goldman Sachs increased its target price from HKD 205 to HKD 345, while JP Morgan raised its target price to HKD 338, maintaining an "overweight" rating
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