Zijin Mining stock: S&P upgrades rating for Zijin Mining stock to BBB+

Published on 10/20/2026 at 16:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

S&P sees RMB 115 billion cash flow in 2026. Zijin Mining stock costs EUR 3.52 on October 20, 2026, up 0.49 percent versus Frankfurt close.

Rating and reporting dates

S&P Global Ratings lifted Zijin Mining to BBB+ from BBB on October 19, 2026.
S&P projects adjusted 2026 operating cash flow of RMB 115 billion to RMB 120 billion.
Zijin Mining stock costs EUR 3.52 at Lang & Schwarz on October 20, 2026 at 4:02 p.m. CEST, 0.49 percent above the Frankfurt close of October 16, 2026.

Zijin Mining, CNE100000502, Illustration mit AI erstellt.

Zijin Mining (ISIN CNE100000502) received a higher credit rating from S&P Global Ratings on October 19, 2026, which lifted its long-term issuer rating to BBB+ from BBB. At Lang & Schwarz, the stock was trading at EUR 3.52 on October 20, 2026 at 4:02 p.m. CEST, 0.49 percent above the Frankfurt close of October 16, 2026 at EUR 3.50.

Higher rating rests on cash flow

S&P Global Ratings said the upgrade reflected Zijin Mining's project pipeline and operating execution. The agency projects adjusted operating cash flow of RMB 115 billion to RMB 120 billion in 2026, while adjusted EBITDA margin is expected to reach 35.0 percent to 36.0 percent, compared with 27.1 percent in 2025.

The rating outlook is stable. S&P also expects the company's debt-to-EBITDA ratio to remain below 1.5 times, while elevated capital spending and acquisitions remain part of its 2026 financing picture.

Stock remains below its yearly high

The Frankfurt quote history places the stock's 52-week range at EUR 2.66 to EUR 5.09 through October 20, 2026, with the latest Frankfurt close at EUR 3.50 on October 16, 2026. The Lang & Schwarz price is therefore 30.84 percent below the 52-week high, calculated from EUR 3.52 and EUR 5.09.

The primary listings are Hong Kong and Shanghai. Zijin Mining's Hong Kong H-share ticker is 2899.HK, while its Shanghai A-share ticker is 601899.SH, as listed on the company's investor page. The company produces gold, copper, zinc and other metals across China and overseas operations.

Results come before the briefing

Zijin Mining is scheduled to publish its third-quarter 2026 results on October 23, 2026, according to Futu News. The same preview cites a consensus revenue estimate of CNY 115.42 billion, up 33.45 percent year over year, and adjusted earnings per share of CNY 1.32, up 145.81 percent.

A separate online briefing on third-quarter operating conditions and financial performance is scheduled for October 28, 2026, TipRanks reported on October 20, 2026. The briefing gives investors a second near-term date for management commentary after the results release.

Rating, price and next dates

The rating upgrade provides the strongest current company-specific signal, while the upcoming results will test whether production and metal prices are translating into the cash-flow figures outlined by S&P Global Ratings. The 0.49 percent Frankfurt comparison places the euro quote near the latest German market close rather than indicating a major daily repricing.

The stock was trading at EUR 3.52 at Lang & Schwarz on October 20, 2026 at 4:02 p.m. CEST, 0.49 percent above the Frankfurt close of October 16, 2026 at EUR 3.50. The further course of trading is shown by the continuously updated real-time quote of Zijin Mining stock.