On October 22, ZIJIN GOLD INTL fell 3.23% in Regular Trading, trading at HK$129.3, with turnover of HK$65.0 million.
The latest public catalyst points to a combination of softer third-quarter momentum and an investment bank target price cut, which has weighed on sentiment toward the stock.
Recent company disclosures showed that first-nine-month attributable profit reached US$2.015 billion, up 123% year on year, while revenue rose 70%. However, third-quarter net profit fell about 12% from the prior quarter as some mines faced equipment maintenance and geological changes that slowed production rhythm, and all-in sustaining cost increased to US$1,649 per ounce. At the same time, the gold sector was broadly weak, with peer names also declining, reinforcing pressure on ZIJIN GOLD INTL.
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