The analyst rating for CGN MINING (01164.HK) is "Overweight" with a target price of HK$3.92 due to a 70-80% probability of the stock price ascending within 15 days. This positive outlook is influenced by the listing of CNUC (001280.SZ) as the first uranium mining company in Mainland China, which is expected to attract broader investor attention to the uranium mining sector and bolster market confidence. As CGN MINING is the only uranium mining company listed in Hong Kong and participates in the Shenzhen/Shanghai-Hong Kong Stock Connect, it is anticipated to benefit from this increased interest in the sector.

CMBI

maintain

2025-10-03

Reason

CMBI

Price Target

2025-10-03

maintain

Reason

The analyst rating from CMBI is maintained at "Buy" due to several key factors: 1. Strong Demand for Uranium: There is a robust demand for uranium driven by nuclear power generation. 2. Supply Uncertainty: The commencement of new mines has introduced uncertainty in supply, which is expected to impact prices positively. 3. Increased Price Forecasts: CMBI raised its spot uranium price forecasts for 2026 and 2027 by 9%, indicating confidence in price recovery. 4. Earnings Growth: The broker increased its earnings forecasts for CGN MINING by 9-11%, anticipating significant earnings growth of 235% in 2026 and 19% in 2027, attributed to a lower base in 2025. 5. Target Price Increase: The target price for CGN MINING was raised from $2.42 to $3.67, reflecting optimism about the company's future performance. Overall, the combination of strong demand, supply constraints, and positive earnings outlook supports the constructive view on uranium prices and the recommendation to buy CGN MINING shares.

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01164 Should I Buy

01164 Should I Buy

Should You Buy CGN MINING (01164) Today? Analysis, Price Targets, and 2026 Outlook.

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