Bank of America Securities: Zijin Mining International (02259.HK) raises its target price to HKD 150 and reaffirms "Buy" rating.

According to the Zhichun Finance APP, Bank of America Securities has released a research report stating that it has raised the 2026 net profit forecast for Zijin Mining International (02259.HK) by 3% to $3.057 billion, mainly reflecting lower unit cost assumptions. The target price has been increased by 7% from HKD 140 to HKD 150, based on an unchanged weighted average cost of capital of 8% and a terminal growth rate of 2%. The bank reiterated its "Buy" rating, optimistic about the visible production growth in 2026, with management maintaining the full-year gold production guidance at 59 tons, as well as the potential for unit cost normalization following the commissioning of newly acquired assets and the decline of one-time expenses.