Zijin Mining stock: S&P raises rating to BBB+ from BBB

Published on 10/21/2026 at 15:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

S&P raised the rating to BBB+ from BBB on October 19. Zijin Mining stock costs EUR 3.49 on October 21, 2026, down 1.41 percent versus the Tradegate close.

Rating and reporting date

S&P Global Ratings raised Zijin Mining's issuer rating to BBB+ from BBB on October 19, 2026.
First-half 2026 revenue reached RMB 194.18 billion, up 15.78 percent year over year.
Zijin Mining stock costs EUR 3.49 at Lang & Schwarz on October 21, 2026 at 3:31 p.m. CEST, 1.41 percent below the Tradegate close of October 20, 2026, EUR 3.54.
Third-quarter results are expected on October 23, 2026.

Zijin Mining, CNE100000502, Illustration mit AI erstellt.

Zijin Mining Group Co., Ltd. received a higher issuer credit rating from S&P Global Ratings on October 19, 2026, which lifted the rating to BBB+ from BBB and kept the outlook stable. The move puts balance-sheet flexibility beside the company's expansion plans. At 3:31 p.m. CEST on October 21, 2026, the stock was trading at EUR 3.49 at Lang & Schwarz, down 1.41 percent versus the Tradegate close of October 20, 2026 at EUR 3.54.

Results are due October 23

Moomoo lists October 23, 2026 as the expected reporting date for Zijin Mining's third-quarter results and says the board is due to review the figures. The same source estimates third-quarter revenue at CNY 115.42 billion and net income at CNY 21.07 billion, giving investors two reference points before the company reports.

The company had also announced on October 20 that it would convene a briefing on its third-quarter results. TipRanks says that online session is scheduled for October 28, 2026.

Price position and valuation

The Hong Kong-listed shares closed at HKD 30.70 on October 21, 2026, down HKD 0.12 from HKD 30.82. That equals a decline of 0.39 percent in Hong Kong. The 52-week range was HKD 26.58 to HKD 46.98, while the latest market capitalization was HKD 816.3 billion and the price-to-earnings ratio was 11.59.

The latest interim figures provide a stronger operating reference than the daily quote. Moomoo reports first-half 2026 revenue of RMB 194.18 billion, up 15.78 percent year over year, while net profit rose 74.00 percent to RMB 49.80 billion. These figures set a demanding comparison for the third-quarter release.

Credit upgrade adds a financial marker

S&P Global Ratings said the upgrade reflected the company's project pipeline, operating execution and expected cash generation. It projected 2026 operating cash flow of RMB 115 billion to RMB 120 billion and a 2026 EBITDA margin of 35.00 percent to 36.00 percent, compared with 27.10 percent in 2025. The agency also identified elevated capital spending, acquisitions and lower ore grades as financial considerations.

Comparison with peers

Zijin Mining: minus 1.41 percent, P/E 11.59, market capitalization HKD 816.3 billion.

China Gold International Resources (HKEX, HKD): minus 3.32 percent, P/E 12.80, market capitalization HKD 77.3 billion.

CMOC Group (HKEX, HKD): plus 0.07 percent, P/E 10.88, market capitalization HKD 292.0 billion.

Trading level and next date

Zijin Mining combines a higher credit rating with a near-term reporting date and a large capital program. The next test is whether third-quarter figures support the growth profile described by S&P Global Ratings.

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