HSBC cuts Zijin Mining stock target to HKD 51 from HKD 58

Published on 10/27/2026 at 15:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nine-month profit reached RMB 57.5 billion, up 52 percent year over year. Zijin Mining stock costs EUR 3.17 in trading on October 27, 2026.

Analyst targets and operating figures

HSBC lowered its H-share target from HKD 58 to HKD 51 on October 26, 2026.
Nine-month 2026 net profit reached RMB 57.5 billion, up 52 percent year over year.
Zijin Mining stock was trading at EUR 3.17 at Lang & Schwarz on October 27, 2026 at 3:41 p.m. CET.
The company scheduled a third-quarter results briefing for October 28, 2026.

Zijin Mining, CNE100000502, Illustration mit AI erstellt.

Zijin Mining (CNE100000502) faced a fresh analyst target cut as HSBC lowered its H-share target from HKD 58 to HKD 51 on October 26, 2026, according to Futunn. At Lang & Schwarz, the stock was trading at EUR 3.17 on October 27, 2026 at 3:41 p.m. CET.

Profit growth stays substantial

Zijin Mining reported nine-month 2026 net profit of RMB 57.5 billion, up 52 percent from the year-earlier period. Third-quarter net profit reached RMB 18.4 billion, an increase of 26 percent year over year but a decline of 4 percent from the second quarter, according to Futunn.

The earnings mix was uneven. HSBC's report put third-quarter gross margin at 36.5 percent, up from 35.9 percent in the second quarter, while revenue declined 7 percent quarter over quarter. The figures point to stronger cost control alongside softer operating momentum.

Production trails annual guidance

For the first nine months of 2026, mined copper production reached 816,000 tonnes, or 68 percent of full-year guidance, while mined gold production reached 70.1 tonnes, or 67 percent of guidance. HSBC linked the shortfall to Kamoa disruption, domestic safety inspections and temporary suspensions, while Chifeng Gold is expected to add support from the fourth quarter.

What does the production gap mean?

The operating figures leave the fourth quarter carrying a heavier production burden. UBS reported that third-quarter profit of RMB 18.4 billion was below its RMB 19.5 billion forecast and the RMB 19.0 billion to RMB 20.0 billion consensus range, while it kept a 12-month target of HKD 56.00, as reported by Futunn. UBS also identified commodity prices, production disruptions and overseas political risks as factors for investors to weigh.

Two dates shape the next update

Zijin Mining scheduled its third-quarter results briefing for October 28, 2026, according to Moomoo. UBS also cited a non-deal roadshow in Hong Kong on October 29, 2026, with the newly appointed general manager attending, as reported by Futunn.

Stock price and investor view

The current picture combines higher reported profit with production delivery below annual targets. That split explains why analysts have retained positive ratings while trimming targets: HSBC kept a Buy rating with an H-share target of HKD 51.00, and UBS kept a Buy rating with a target of HKD 56.00.

The stock was trading at EUR 3.17 at Lang & Schwarz on October 27, 2026 at 3:41 p.m. CET.

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