Morgan Stanley set HKD 61 target for Zijin Mining stock

Published on 10/09/2026 at 12:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 revenue rose 15.78 percent to RMB 194.18 billion. Zijin Mining stock costs EUR 3.74 on October 9, 2026 after EUR 3.55, plus 5.35 percent.

Key points in brief

Morgan Stanley set an HKD 61.00 target and an Overweight rating for Zijin Mining on September 17, 2026.
First-half 2026 revenue rose 15.78 percent to RMB 194.18 billion, while net profit increased 74.00 percent.
The Lang & Schwarz quote was EUR 3.74 on October 9, 2026, up 5.35 percent from EUR 3.55.

Zijin Mining, CNE100000502, Illustration mit AI erstellt.

Zijin Mining (ISIN CNE100000502) was trading at EUR 3.74 at Lang & Schwarz on October 9, 2026 at 12:02 p.m. CEST, up 5.35 percent versus the prior close of EUR 3.55. According to Futubull on September 17, 2026, Morgan Stanley set an Overweight rating and an HKD 61.00 target for Zijin Mining. The target accompanied a view that the Julong Copper Mine remains a key growth driver.

Analyst target meets expansion plans

Morgan Stanley said copper production at Julong could reach 300,000 to 310,000 tonnes in 2026 and 310,000 to 320,000 tonnes in 2027, as the second phase comes on stream. The bank also reported that group management guided 2026 copper production to 1.09 million to 1.20 million tonnes, giving the target a concrete operating reference.

The main counterweight is cost pressure. Morgan Stanley said costs rose 13.00 percent year over year in the first half of 2026, partly because Zijin shifted work from outsourcing to in-house operations and incurred one-off expenses.

What does the AI fund add?

On September 15, 2026, Zijin's wholly owned investment subsidiary signed an agreement to commit RMB 1.0 billion to a fund targeting artificial intelligence, embodied AI and other frontier technologies, according to Shanghai Metals Market. The commitment represents 20.4081 percent of the fund and is intended to support applications in exploration, intelligent mines, processing and safety.

Three recent operating markers

On August 28, 2026, Zijin Mining reported first-half mined gold output of 47 tonnes, up 13.00 percent year over year, while copper output reached 534,000 tonnes, up 4.80 percent excluding attributable Kamoa output. On September 15, the company signed the RMB 1.0 billion AI fund agreement. On September 17, Morgan Stanley set the HKD 61.00 target and Overweight rating.

Next reporting date is October 10

RTTNews lists October 10, 2026 as the next reporting date for the nine-month period. The timing puts the next production and earnings update immediately after the September expansion and investment announcements.

Stock rises with metals exposure

Zijin Mining's Shanghai-listed shares had a market capitalization of CNY 819.0 billion as of October 9, 2026. The 52-week range was CNY 24.42 to CNY 44.94, placing the latest CNY quote inside a broad trading band while the euro quote moved higher during the German session.

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