UBZHJIN@EC2610A

CICC Maintains Buy Rating on Zhaogold Mining with Price Target of HKD 33.45

Citi Notes Zijin Mining's Q1 Net Profit Up 80%

Huatai Securities Raises Profit Forecasts and Target Price for ZHAOGOLD Mining

ZHAOGOLD MINEING's Net Profit Soared 80.44% in Q1 2026

Zhaojin Mining released FY2026 Q1 earnings on April 23 Pre-Market (BJT), actual revenue HKD 5.057 B, actual EPS HKD 0.3627 (forecast EPS HKD 0.4534)

ZHAOGOLD MINING RELEASES 2025 ESG REPORT

Zhaojin Mining to Release FY2026 Q1 Earnings on April 24 Pre-Market (BJT), Forecast EPS HKD 0.3942

Zhaogold Gold Announces Revenue Growth of 58.13% to 527 Million Yuan in 2025

Thunder Shock Company Receives Strategic Investment from Zhaogold Mining to Advance Exploration in Fiji

UBS analyst Sharon Ding maintains a buy rating on ZHAOF with a target price of HKD 55.00

Zhaogold Mining Reports Over 100% Increase in Net Profit for 2025 Fiscal Year and Proposes Dividend Distribution

ZHAOJIN MINING released FY2025 earnings on March 22 During-Market (BJT), actual revenue HKD 19.73 B (forecast HKD 17.52 B), actual EPS HKD 1.0492 (forecast HKD 1.1101)

ZHAOJIN MINING released FY2025 Q4 earnings on March 22 During-Market (BJT), actual revenue HKD 6.256 B, actual EPS HKD 0.5607 (forecast EPS HKD 0.656)

Fitch to Withdraw Shandong Gold Mining's Rating

ZHAOJIN MINING to release FY2025 earnings report on March 20, 2026, during market hours (BJT), forecast revenue HKD 17.82 B, EPS HKD 1.1292

Zhaoke Mining Revises Silver Sales Agreement, Ceiling to Increase by 2.5 Times

Zhaogold Mining Launched Emergency Plan in Response to Mine Accident

BOC International Reiterates Overweight Rating on China's Gold Sector

Hainan Provincial Government Signs Strategic Cooperation Framework Agreement with Shandong Zhaojin Group

Hong Kong Stock Analyst Recommends Buying China 太平 and ZHAOGOLD Mining

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AOWEI HOLDING

MOST KWAI CHUNG

WKK INTL (HOLD)

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HEPHAESTUS HLDG

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JOY SPREADER

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In a report released yesterday, from CICC maintained a Buy rating on Zhaojin Mining Industry Co, with a price target of HK$33.45. The company’s shares closed last Wednesday at HK$29.02.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Currently, the analyst consensus on Zhaojin Mining Industry Co is a Strong Buy with an average price target of HK$43.10.

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ZHAOJIN MINING

CICC

CICC Remains a Buy on Zhaojin Mining Industry Co (ZHAOF)

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BofAS has maintained a Buy rating on Zhaojin Miningfollowing a report that highlights a 47% year-on-year revenue increase to RMB4.46 billion in Q1 2026, and an 80% rise in net profit after tax to RMB1.19 billion, despite a 21% decline quarter-on-quarter. The firm cites a gradual recovery in gold production and elevated gold prices above USD4,700 per ounce as key factors, with a target price set at HKD44.

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BofAS Maintains Buy on Zhaojin Mining  on Gradual Gold Output Recovery and Elevated Prices; Valuation Not Demanding

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Huatai Securities has raised the target price for Zhaojin Miningto HKD38.85, citing strong earnings growth driven by high gold prices. The company reported a revenue of RMB18.056 billion in 2025, a 56.32% increase YoY, with net profit reaching RMB3.614 billion, up 149.1% YoY. The broker maintains a bullish outlook on gold prices, predicting potential increases to USD5,400-USD6,800 per ounce. The target price revision reflects anticipated profit growth and the impact of the Haiyu project, which may add significant gold production.

ZHONGJIN GOLD

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Huatai Securities Co., Ltd. GDR Class A RegS

Huatai Securities Raises Zhaojin Mining  TP to HKD38.85, Gold Prices Drive Strong Earnings Growth

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M Stanley's report indicates that Zhaojin Miningreported a 1Q net profit of RMB1.2 billion, an 80% YoY increase but a 34% QoQ decline, missing forecasts. The weak performance is attributed to seasonal fluctuations in production and sales. The gross margin fell to 46.5%, and gross profit was RMB2 billion, up 46% YoY but down 29% QoQ. M Stanley maintains a target price of HKD49 and an Overweight rating, forecasting a 3% decline in gold prices for 2Q26.

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M Stanley: Zhaojin Mining  1Q Net Profit Misses Forecast, Likely Due to Seasonal Fluctuations in Production and Sales

ZHAOJIN MINING+0.100 (+0.342%) Short selling $25.90M; Ratio 10.208% has announced its results for 1Q26 ended March 2026. According to the accounting principles generally accepted in China, the company's revenue surged by 46.7% YoY to RMB4.46 billion, while net profit soared by 80.4% YoY to RMB1.189 billion, with EPS of RMB0.32.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-24 16:25.) AASTOCKS Financial News

ZHAOJIN MINING 1Q NP Soars 80.4% to RMB1.189B

Zhaojin Mining Industry Co. has scheduled a board meeting on April 24, 2026, to review its Q1 2026 results and authorize their publication. This meeting is significant for investors in the gold mining sector as it provides early insights into operational performance and market conditions. The board, led by Jiang Guipeng, includes a diverse mix of directors, reflecting strong corporate governance. Analysts currently rate the stock as a Buy with a target price of HK$55.00, indicating positive expectations for the company's performance.

Zhaojin Mining Sets April Board Meeting to Review Q1 2026 Results

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The precious metals sector surged at the opening, with WESTERN REGION GOLD opening at its daily limit up, while Xiaocheng Technology, Shanjin International, Hunan Silver, CHIFENG GOLD, and ZHAOJIN MINING rose over 5%. Oil and gas stocks plunged at the open, with multiple stocks including Zhunyou Stock, Beiken Energy, Zhongman Petroleum, and BlueFlame Holding hitting their daily limits, while Keli Stock, Potential Hengxin, and Tongyuan Petroleum fell more than 10%

- On April 8, A-shares and Hong Kong stocks opened significantly higher due to news of a US-Iran ceasefire, following gains in Asian markets.  
- However, geopolitical tensions easing led to a substantial drop in international oil prices, causing oil and gas stocks in A-shares to decline sharply, while coal stocks also adjusted.  
- In the bond market, treasury futures fell collectively, and most domestic commodity futures dropped, with notable exceptions for precious metals, which saw substantial gains despite overall market declines.

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Abrdn Precious Metals Basket ETF Trust

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MaxWealth CSI SH-SZ-HK Gold Industry Equity ETF

AH Shares Open Significantly Higher: ChiNext Up 3%, Computing Hardware Surges, Oil and Gas Stocks Hit Daily Limit Down, Hang Seng Tech Index Rises Over 2%, Tech Stocks Rebound Collectively

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Goldman Sachs released a research report, updating the investment ratings and target prices for gold mining stocks. China Aluminum's rating was adjusted from sell to neutral, with the target price raised to RMB 12.5; China Hongqiao maintained a neutral rating, with the target price raised to RMB 34; Jiangxi Copper maintained a buy rating, with the target price lowered to RMB 45; MMG maintained a buy rating, with the target price at RMB 13.5; CMOC maintained a buy rating, with the target price at RMB 27; Zijin Mining maintained a buy rating, with the target price at RMB 52; ZHAOJIN MINING maintained a buy rating, with the target price lowered to RMB 43. In the A-share market, China Aluminum's rating was adjusted from sell to neutral, with the target price raised to RMB 12.5; Jiangxi Copper maintained a buy rating, with the target price lowered to RMB 60; CMOC maintained a buy rating, with the target price at RMB 28; Zijin Mining maintained a buy rating, with the target price at RMB 50

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Goldman Sachs' Investment Ratings and Target Prices for Gold Mining Stocks (Table)

Thunderstruck Lands Strategic Zhaojin Investment to Advance Fiji Exploration

Thunderstruck Lands Strategic Zhaojin Investment to Advance Fiji Exploration

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The A-share precious metals sector fluctuated upward, with CHIFENG GOLD rising by more than 8%. Shanjin International, SD GOLD, ZJIG, ZHONGJIN GOLD, and SC GOLD were among the top gainers

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Malaysia, Hong Kong bourse operators to offer cross-border investment opportunities

The United States is promoting diplomatic negotiations to end the conflict with Iran, and spot gold prices briefly rose above $4,600, with the latest quote at $4,575 per ounce, while New York futures gold rose over 4%. Precious metal-related stocks performed well, with ZHAOJIN MINING up 4.4% and Shandong Gold up 4.3%. Trump stated that Iran has shown sincerity in negotiations, and peace talks may be held on Thursday. The Middle East conflict has led to rising energy prices, exacerbating inflation, and the market expects the Federal Reserve to delay interest rate cuts, or even raise rates, affecting the performance of precious metals

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Invesco Db Precious Metals ETF

A glimmer of hope for the US-Iran ceasefire as spot gold once again surpassed $4,600, with ZHAOJIN MINING and Shandong Gold rising over 4%

UBS analyst Sharon Ding has maintained a Buy rating on Zhaojin Mining Industry Co (ZHAOF) as of March 23, with a price target of HK$55.00. The company's shares closed at HK$26.94. Ding has an average return of -19.7% and a success rate of 45.45%. The analyst consensus for Zhaojin Mining is Strong Buy, with a price target consensus of HK$42.54.

Zhaojin Mining Industry Co (ZHAOF) Gets a Buy from UBS

The US imposed a 39% tariff on imported gold bars, sparking a rally in gold stocks, with Lao Feng Xiang rising nearly 4% again. The semiconductor sector was dragged down by SMIC's Q2 net profit plunging 19%, with most stocks falling.

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Hot Trades in Hong Kong Stocks (8.8)｜Gold Sector Rises Across the Board on Tariff Catalysts, SMIC Leads Decline by 6%

Safe-haven gold and domestic semiconductors rise as dual main themes! Comprehensive analysis of the two hot sectors in Hong Kong stocks

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Hot Trades in Hong Kong Stocks (8.4)｜ Semiconductor and Gold Stocks Perform Strongly, Innoscience Surges Over 25%

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UBZHJIN@EC2610A(28562.HK)

CICC Remains a Buy on Zhaojin Mining Industry Co (ZHAOF)

BofAS Maintains Buy on Zhaojin Mining on Gradual Gold Output Recovery and Elevated Prices; Valuation Not Demanding

Huatai Securities Raises Zhaojin Mining TP to HKD38.85, Gold Prices Drive Strong Earnings Growth

M Stanley: Zhaojin Mining 1Q Net Profit Misses Forecast, Likely Due to Seasonal Fluctuations in Production and Sales

ZHAOJIN MINING 1Q NP Soars 80.4% to RMB1.189B