Macquarie: Raise target price of Zhaojin Mining (01818.HK) to 26 Hong Kong dollars. Rating "outperform the market".

According to the Smart Finance and Economics APP, Morgan Stanley released a research report stating that Zhaojin Mining (01818.HK) has benefited from the strong gold price, with core profits reaching approximately 1.4 billion RMB. The bank expects the company to achieve a capacity increase of 2 to 3 tons in 2026 and 2027. The bank is optimistic about the company's low-cost advantages and production growth potential, maintaining an "outperform the market" rating, raising the target price from 25 Hong Kong dollars to 26 Hong Kong dollars, and increasing the earnings forecast for each year from 2025 to 2027 by 5%, 0.8%, and 0.8% respectively.