Citigroup raises its target price for Zijin Mining (01818.HK) to HK$41.4 and maintains a "buy" rating.

Zhixin Finance APP learned that Citi released a research report stating that the stock price of Zijin Mining (01818.HK) has experienced a short-term adjustment due to market concerns about the US interest rate hike and a recent mining accident. However, the bank believes that the company will benefit from strong production growth. The bank has raised the company's target price from 37.5 Hong Kong dollars to 41.4 Hong Kong dollars and maintains a "buy" rating.