Earnings Alerts

Zijin Mining Group Co Ltd H (2899) Earnings Surge: Announces 10 RMB Cents Interim Dividend

  • Zijin Mining has announced a preliminary interim dividend of 10 RMB cents per share.
  • The company’s preliminary net income ranges between 14.55 billion yuan and 15.45 billion yuan.
  • This represents an increase in net income of between 41% to 50% compared to the previous period.
  • In terms of analyst recommendations: 15 analysts recommend buying, with no holds or sells.

Zijin Mining Group Co Ltd H on Smartkarma

Analysts on Smartkarma, such as Brian Freitas and Travis Lundy, have been closely monitoring Zijin Mining Group Co Ltd H amidst changes in the HSCEI Index rebalance. Brian Freitas, in his report “HSCEI Index Rebalance: Zijin Mining In; Xinyi Solar Out; SenseTime Survives (For Now),” notes that Zijin Mining will replace Xinyi Glass in the index, showcasing positive momentum for the company. Meanwhile, Travis Lundy, in his piece “HSCEI June 2024 Rebal – Zijin Mining (2899) Added, Xinyi Solar (968) Deleted,” expected the addition of Zijin and the deletion of Xinyi Solar, with the latter being saved by a FAF increase. The analysts provide insights on the expected impact of these changes on Zijin’s performance and market position.

In another analysis by Brian Freitas titled “HSCEI Index Rebalance Preview: One Change or Two in June?,” the potential inclusion of Zijin Mining in the HSCEI Index is highlighted, with SenseTime being a potential deletion candidate. The report also mentions BeiGene as a close add pending the Velocity Test. With estimated turnovers and one-way trades specified, analysts are keenly observing the upcoming rebalance for possible investment implications on Zijin Mining Group Co Ltd H and other relevant companies.


A look at Zijin Mining Group Co Ltd H Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth5
Resilience2
Momentum5
OVERALL SMART SCORE3.4

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

Analysts are optimistic about the long-term outlook for Zijin Mining Group Co Ltd H, with a strong focus on growth and momentum according to Smartkarma Smart Scores. The company scores high in Growth and Momentum, indicating a positive trajectory for its future expansion and market performance. Despite lower scores in Value and Resilience, the solid ratings in Dividend suggest a stable income potential for investors.

Zijin Mining Group Co Ltd H, a Chinese company primarily focused on gold and mineral exploration and production, has garnered attention for its robust growth potential and strong market momentum. With a track record of delivering dividends and a clear emphasis on expansion, the company’s outlook appears promising, despite some areas where improvement could be made, as highlighted by the Smartkarma Smart Scores.

Summary of the company: Zijin Mining Group Co., Ltd., through its subsidiaries, explores, mines, produces, refines, and sells gold and other mineral resources in China.


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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