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.

Citi

maintain

$39

2026-02-12

Reason

Citi

Price Target

$39

2026-02-12

maintain

Reason

Citi's analyst rating for Zijin Mining is based on several factors, including an updated discounted cash flow (DCF) valuation model that led to an increase in the target price for both H and A shares. The firm addressed investor concerns regarding the company's production guidance, board independence, shareholder returns, and the influence of the former chairman. Citi believes that fears about increased control by the local SASAC following the departure of former chairman Chen Jinghe are unfounded, as the local SASAC has historically taken a passive investment approach. This has allowed the capable management team to continue operating the company effectively. As a result, Citi maintains a Buy rating for both H and A shares and considers Zijin a top pick in the sector.

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Valuation Metrics

The current forward P/E ratio for (02899.HK) is 14.54, compared to its 5-year average forward P/E of 1.00. For a more detailed relative valuation and DCF analysis to assess 's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

1.00

Current PE

14.54

Overvalued PE

4.87

Undervalued PE

-2.86

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

8.98

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

10.05

Undervalued EV/EBITDA

7.91

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

1.21

Current PS

0.00

Overvalued PS

1.53

Undervalued PS

0.88

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What is (02899) stock price today?

The current price of 02899 is 46.04 USD — it has increased 2.31

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Wall Street analysts forecast 02899 stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02899 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

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(02899) has 0 emplpoyees as of March 02 2026.

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Today 02899 has the market capitalization of 0.00 USD.

02899 Overview