The analyst rating from DBS Group Research on ZIJIN MINING is maintained as a "Buy" due to several key factors. The report highlights the company's active mergers and acquisitions (M&As) and strong operational capabilities as significant motivators for its growth. In 2024, ZIJIN MINING is positioned favorably in the global market, ranking fifth in copper reserves and fourth in mined copper production, as well as sixth in global gold reserves and mined gold production. Additionally, the company's copper C1 cost has decreased by 14% year-over-year, placing it in the top 20% globally for cost efficiency, which contributes to its competitive edge among gold miners. As a result, the target price for its H-shares has been raised to HKD55, reflecting confidence in the company's continued performance and market position.
