Shandong Gold stock gained 3.06 percent on September 30, 2026, as output targets fell

Published on 10/07/2026 at 00:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shandong Gold stock faced a 2026 output target cut to 36-38 tonnes from 49 tonnes on September 24, 2026. First-half profit rose 26 percent.

Shandong Gold, CNE000001FR7, Illustration mit AI erstellt.

Shandong Gold stock (ISIN CNE000001FR7) was last at CNY 27.30 in Shanghai on September 30, 2026, up 3.06 percent on the session. The market is weighing a sharp reduction in the company's 2026 mined-gold target, while first-half attributable profit rose 26 percent.

Output target falls to 36 tonnes

According to MarketScreener on September 24, 2026, Shandong Gold revised its 2026 mined-gold target to 36-38 tonnes from an original minimum of 49 tonnes. The company attributed the change to safety inspections after industry accidents and increased infrastructure work at domestic mines.

The revised range implies a reduction of 11-13 tonnes from the 48.89 tonnes produced in 2025. That comparison matters because the company said lower domestic output could weigh on 2026 revenue and profit, while overseas mines and cost controls are intended to offset part of the pressure.

Profit growth meets a weaker outlook

Investing.com lists Shandong Gold's latest release on August 28, 2026, with quarterly revenue of CNY 21.07 billion and EPS of CNY 0.49 against a CNY 0.58 forecast. MarketScreener's company news list also reports a 26 percent increase in attributable profit for the first half ended June 30, 2026.

The contrast is clear: earnings improved in the first half, but the production plan points to a weaker operating base for the full year. For investors, mined-gold volume is therefore the key operating figure alongside gold prices and the pace of overseas production.

Consensus target stays above price

Investing.com shows a Buy consensus from 9 analysts, with an average 12-month target of CNY 41.48, a high of CNY 55 and a low of CNY 24.60. The average price target lies 51.94 percent above the September 30 price of CNY 27.30, although the low target remains below that market level.

Shanghai price and market value

Shandong Gold stock was last at CNY 27.30 on the Shanghai Stock Exchange on September 30, 2026 at 3:00 p.m. CST, with a session range of CNY 26.50 to CNY 27.47. Its 52-week range was CNY 22.55 to CNY 65.55, placing the last price 58.35 percent below the yearly high.

The company had a market capitalization of CNY 125.9 billion and volume of 87,199,909 shares on September 30, 2026. Its next earnings report is listed for October 29, 2026.