BofA Securities: Raises ZiJin Mining (02899.HK) target price to 31 Hong Kong dollars, rating "buy"

According to the Wise Finance APP, Bank of America Securities released a research report stating that it has adjusted the after-tax net profit forecast of Zijin Mining (02899.HK) from 2025 to 2027 by 1% to 4%. Its target price has been raised from HK$26 to HK$31. The valuation is based on the cash flow discount rate, and is based on a positive view of copper and gold prices and the company's steady production growth. The "buy" rating is maintained, making it still the industry's top choice.