--- title: "ZIJIN GOLD INTL Surges Over 4% as BofAS Raises TP to HKD150" type: "News" locale: "en" url: "https://longbridge.com/en/news/296053177.md" description: "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." datetime: "2026-08-17T03:56:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296053177.md) - [en](https://longbridge.com/en/news/296053177.md) - [zh-HK](https://longbridge.com/zh-HK/news/296053177.md) generator: "portal-rs" --- # ZIJIN GOLD INTL Surges Over 4% as BofAS Raises TP to HKD150 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.) ### Related Stocks - [02899.HK](https://longbridge.com/en/quote/02899.HK.md) - [02259.HK](https://longbridge.com/en/quote/02259.HK.md) - [601899.CN](https://longbridge.com/en/quote/601899.CN.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) ## Related News & Research - [ZIJIN MINING Interim Net Profit Up 68.2% YoY to RMB39.17B; Interim DPS RMB4.2 per 10 Shares](https://longbridge.com/en/news/296702271.md) - [Zijin Mining Delivers Strong Profit Surge in First Half of 2026](https://longbridge.com/en/news/296702519.md) - [STARTRADER Launches XAUUSD247, Extending Gold CFD Access Across the Full Week](https://longbridge.com/en/news/296590923.md) - [Citi Initiates Buy on ZIJIN GOLD INTL , Bullish on Output Growth and Gold Price Outlook](https://longbridge.com/en/news/296171249.md) - [Zijin Gold International declares interim dividend of HKD 1.5 per share](https://longbridge.com/en/news/296021447.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**