UBS: Raises target price for Zhaojin Mining (01818.HK) to HK$37, reiterates "buy" rating.

Zhitong Finance APP learned that UBS has released a research report stating that assuming the gold price is about 10% higher than the market consensus, it has pushed the bank's profit forecast for Zijin Mining (01818.HK) higher than the market consensus. Based on the strong trend of Zijin's production growth, the profit forecast for Zijin has been raised, with a projected annual compound growth rate of 54% from 2025 to 2027. The target price for Zijin has been raised from HK$25.3 to HK$37, with a forecasted P/E ratio of 23 times for 2026, and the "buy" rating is reiterated.