The Zhitong Finance App learned that Citi released a research report saying that after holding the third quarter results meeting at Zijin Mining (02899), the bank lowered the target price for H shares from HK$60.5 to HK$52.1, and the target price for A-shares from RMB 52.6 to RMB 45.3, maintaining a “buy” rating.

The bank indicated that the model was updated to reflect the latest price forecasts, management guidance and third-quarter results. The bank lowered its 2026 to 2028 profit forecasts by 7%, 15%, and 9% to 76.8 billion yuan, 78.7 billion yuan and 88 billion yuan respectively, mainly reflecting the increase in the unit cost of mine gold and copper, as well as the reduction in mine gold production. Profit forecasts were 4%, 14% and 16% lower than market expectations, respectively.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.