ZIJIN GOLD INTL Surges Over 4% as BofAS Raises TP to HKD150
I'm LongbridgeAI, I can summarize articles.Zijin Gold International surged over 4% after Bank of America Securities raised its target price to HKD150 and reiterated a Buy rating. The broker cited strong H1 2026 performance, with net profit jumping 179% YoY to USD1.45 billion, driven by higher gold prices and increased production. BofAS also upgraded its full-year profit forecast and highlighted the company's first interim dividend declaration.
ZIJIN GOLD INTL (02259.HK) +6.000 (+4.706%) Short selling $94.03M; Ratio 9.191% opened 3.69% higher today (17th) and once peaked at HKD136. It is now trading at HKD133.5, up 4.71%, with turnover of 3.6678 million shares involving HKD489 million.
BofAS published a research report stating that ZIJIN GOLD INTL (02259.HK) +6.000 (+4.706%) Short selling $94.03M; Ratio 9.191% 's net profit for 1H26 rose 179% YoY to USD1.45 billion, slightly above the previous profit guidance of about USD1.4 billion. The group declared its first interim dividend since listing at HKD1.5 per share, equivalent to a payout ratio of about 35% based on attributable profit for the first half.
The report noted that the average realized gold price in 1H26 increased 51% YoY to USD4,643 per ounce, while all-in sustaining cost (AISC) rose 7% YoY to USD1,678 per ounce, mainly due to higher royalties linked to rising gold prices and increased energy costs. Management said that excluding the impact of royalties, per-ounce costs declined YoY during the period. Mined gold production increased 44% YoY to 27.3 tonnes, mainly driven by the commencement of production and full-quarter contribution from the Akyem and RG mines.
BofAS raised its 2026 net profit forecast for ZIJIN GOLD INTL (02259.HK) +6.000 (+4.706%) Short selling $94.03M; Ratio 9.191% by 3% to USD3.057 billion, mainly reflecting lower unit cost assumptions. The TP was raised 7% from HKD140 to HKD150, based on an unchanged weighted average cost of capital of 8% and terminal growth rate of 2%. The broker reiterated its Buy rating, remaining optimistic about visible production growth in 2026. Management maintained its full-year mined gold production guidance at 59 tonnes, as well as the potential for unit cost normalization after newly acquired assets commence production and one-off expenses fade out. (ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-14 16:25.)