Goldman cuts target for Zijin Mining stock from HKD 51.00 to HKD 48.00

Published on 10/26/2026 at 09:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 11.51 percent in the first nine months. Zijin Mining stock costs EUR 3.15 on October 26, 2026 and net profit rose 51.93 percent.

Results and target revisions

Goldman Sachs reduced its Zijin Mining target on October 26, 2026.
Nine-month revenue rose 11.51 percent in the third quarter of 2026.
Zijin Mining stock traded at EUR 3.15 at 9:00 a.m. CET on October 26, 2026.
Juno production is planned by the end of 2026.

Zijin Mining, CNE100000502, Illustration mit AI erstellt.

Zijin Mining (CNE100000502) reported RMB 283.45 billion in revenue for the first nine months of 2026, up 11.51 percent year over year. The company also became the subject of a Goldman Sachs target reduction on October 26, 2026, according to Futubull.

Three dated signals

On October 23, 2026, Zijin Mining's third-quarter report showed net profit attributable to shareholders of RMB 57.53 billion for the first nine months, an increase of 51.93 percent. On October 26, 2026, Futubull reported that the Hong Kong-listed shares were down 6.38 percent during morning trading. Later coverage on October 26, 2026, reported that Goldman Sachs reduced its H-share target from HKD 51.00 to HKD 48.00 while retaining a Buy rating, according to Futubull.

What does the target cut change?

The revision puts valuation and operating execution side by side. Goldman Sachs said recurring net profit reached RMB 56.80 billion in the first nine months of 2026, equal to 70 percent to 71 percent of its full-year forecast and the institutional consensus. The bank also cut its 2026 earnings forecast by 2 percent and cited higher gold unit costs, lower investment income from joint ventures and updated metal-price assumptions, according to Futubull.

Next project milestones

The third-quarter report said Zijin Mining produced 70 tons of mined gold and 820,000 tons of mined copper in the first nine months of 2026. It also reported 79,000 tons of lithium carbonate equivalent production and said 1,468 electric mining trucks had been put into service by the end of the reporting period. Juno Copper Mine production is expected by the end of 2026, while Manono Lithium Mine completion is scheduled for the second half of 2027, according to Futubull.

TradingView lists March 22, 2027, as the next earnings date. That calendar marker gives investors a dated checkpoint for the next update on production, costs and the effect of metal prices.

Price at the German venue

The operating figures offer a strong earnings base, but the target cut shows that higher costs and commodity assumptions remain central to the valuation debate. At Lang & Schwarz, Zijin Mining was trading at EUR 3.15 on October 26, 2026 at 9:00 a.m. CET.

The further course of trading is shown by the continuously updated real-time quote of Zijin Mining stock.