ZIJIN GOLD INTL (02259), a subsidiary of Zijin Mining focusing on overseas gold operations, saw its stock price surge by 5.89% in Thursday's trading session. This significant uptick comes as international gold prices continue their upward trajectory, with COMEX gold futures setting a new record high of $3,897.5 per ounce.
The company, which holds interests in eight gold mines across Central Asia, South America, Oceania, and Africa, is well-positioned to benefit from the sustained rally in gold prices. DBS Group Research analyst Lee Eun Young highlights ZIJIN GOLD INTL's strong growth potential, projecting an EBITDA margin rise to 58.1% by 2025, surpassing the industry average of 48%. Furthermore, the analyst forecasts a compound annual growth rate of 51% for the company's net profit through 2027, significantly outpacing its peers.
Investors appear to be responding positively to ZIJIN GOLD INTL's robust outlook and the broader strength in the gold market. With its diverse portfolio of international gold assets and the recent acquisition of Kazakhstan's large Raygorodok gold mine, the company is strategically positioned to capitalize on the current favorable market conditions for precious metals.
