---
title: "Morgan Stanley initiates coverage on ZIJIN GOLD INTL with an \"Overweight\" rating and a target price of 175 yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/264553057.md"
description: "Morgan Stanley initiated coverage on ZIJIN GOLD INTL with an \"Overweight\" rating and a target price of 175 yuan. It is expected that with the support of interest rate cuts and central banks and ETFs buying gold, gold prices will rebound, reaching $4,500 per ounce in the second half of the year. ZIJIN GOLD INTL's average gold procurement cost is $61.3 per ounce, lower than the industry average of $92.9 per ounce, and it has gold projects in South America, Australia, Africa, and Central Asia, ranking 9th and 11th globally in gold reserves and production, respectively"
datetime: "2025-11-06T03:34:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264553057.md)
  - [en](https://longbridge.com/en/news/264553057.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264553057.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/264553057.md) | [繁體中文](https://longbridge.com/zh-HK/news/264553057.md)


# Morgan Stanley initiates coverage on ZIJIN GOLD INTL with an "Overweight" rating and a target price of 175 yuan

Morgan Stanley published a research report indicating that it has initiated coverage of ZIJIN GOLD INTL (02259.HK) with an "Overweight" rating and a target price of 175 yuan.

Morgan Stanley stated that with support from interest rate cuts, central banks, and ETFs buying gold, as well as potential increases in gold holdings by investors, gold prices are expected to rebound, likely reaching USD 4,500 per ounce in the second half of the year.

The report mentioned that ZIJIN GOLD INTL's average gold resource procurement cost is USD 61.3 per ounce, while the industry average from 2019 to 2024 is USD 92.9 per ounce. The company has gold projects in South America, Australia, Africa, and Central Asia, and its gold reserves and production ranked 9th and 11th globally in the mining industry last year

### Related Stocks

- [ZIJIN GOLD INTL (02259.HK)](https://longbridge.com/en/quote/02259.HK.md)

## Related News & Research

- [China Gold International Resources reports Q4 results](https://longbridge.com/en/news/281081504.md)
- [Zijin Gold International Proposes HKD 1.5 Final Dividend for 2025](https://longbridge.com/en/news/280052618.md)
- [Huatai Securities Reaffirms Their Buy Rating on BOC Hong Kong (Holdings) (BNKHF)](https://longbridge.com/en/news/281318016.md)
- [Xpeng Mar deliveries rebound sequentially despite year-on-year decline](https://longbridge.com/en/news/281331957.md)
- [The Tesla Model S And Model X Are Officially Dead](https://longbridge.com/en/news/281317969.md)