Zijin Mining Group’s Stock Price Plummets to 14.90 HKD, Marking a Steep 5.10% Decline

Zijin Mining Group (2899)

14.90 HKD -0.80 (-5.10%) Volume: 86.31M

Zijin Mining Group’s stock price stands at 14.90 HKD, experiencing a trading session drop of 5.10%, despite a positive YTD change of 16.98%. With a notable trading volume of 86.31M, Zijin Mining (2899) continues to be a dynamic player in the stock market.

Latest developments on Zijin Mining Group

Zijin Mining Group Co Ltd H stock price saw movement today following the company’s announcement of their 2024 Interim Dividend. Investors were also reacting to the news of Zijin Mining’s Dividend Tax Withholding Plan. These key events have influenced market sentiment towards the mining company, as shareholders assess the potential impact on their investment portfolios. The stock price fluctuations reflect the market’s response to these recent developments within Zijin Mining Group Co Ltd H.

Zijin Mining Group on Smartkarma

Analysts on Smartkarma are closely monitoring Zijin Mining Group Co Ltd H as it gets added to the HSCEI Index, replacing Xinyi Glass. Brian Freitas notes that Zijin Mining has seen a significant increase in value recently and is trading at a cheaper valuation compared to its peers. The addition of Zijin Mining and the survival of SenseTime Group in the index have resulted in estimated turnover of HK$3.8bn at the rebalance.

In another report, Travis Lundy highlights the expected addition of Zijin Mining and the deletion of Xinyi Solar from the HSCEI Index. Despite expectations for more changes, only one addition and one deletion were observed. The index, although well-known, sees less passive tracking than anticipated. The one-way flow at the rebalance is estimated at 3%, with the focus on the significant name changes in the index.

A look at Zijin Mining Group Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Zijin Mining Group Co Ltd H has a positive long-term outlook. With a high score in Growth and Momentum, the company is positioned for potential expansion and strong performance in the future. This indicates that Zijin Mining Group Co Ltd H is likely to see continued growth and upward movement in the market.

However, Zijin Mining Group Co Ltd H scored lower in Value and Resilience, suggesting that there may be some challenges in terms of the company’s financial health and stability. Despite this, the moderate score in Dividend indicates that investors can still expect a reasonable return on their investment. Overall, Zijin Mining Group Co Ltd H shows promise for growth and momentum in the long run, but potential risks should be taken into consideration.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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