Goldman Sachs cut its target price for Hong Kong-listed Zijin Mining (02899.HK) to HK$48 from HK$51, kept a Buy rating and kept the stock on its conviction list. Zijin reported Q3 net profit of RMB18.4bn and EPS of RMB0.69, both up 26% YoY; recurring net profit excluding one-offs was RMB18.0bn, up 42% YoY. First-nine-month recurring net profit was RMB56.8bn, about 70–71% of Goldman’s and the market’s full-year forecasts, broadly in line. Goldman trimmed 2026 earnings forecast by 2%, raised 2027

Goldman Sachs cut its target price for Hong Kong-listed Zijin Mining (02899.HK) to HK$48 from HK$51, kept a Buy rating and kept the stock on its conviction list. Zijin reported Q3 net profit of RMB18.4bn and EPS of RMB0.69, both up 26% YoY; recurring net profit excluding one-offs was RMB18.0bn, up 42% YoY. First-nine-month recurring net profit was RMB56.8bn, about 70–71% of Goldman’s and the market’s full-year forecasts, broadly in line. Goldman trimmed 2026 earnings forecast by 2%, raised 2027 by 1% and cut 2028 by 5%.