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CGN Mining Co ( (HK:1164) ) just unveiled an announcement.
CGN Mining Co has issued a profit warning, indicating an expected loss of HK$40 million to HK$90 million for the first half of 2025, compared to a profit of HK$113 million in the same period of 2024. This downturn is attributed to significant fluctuations in market prices for natural uranium and accounting methods that resulted in higher inventory costs than selling prices, as well as decreased profits from a joint venture and an associate. Despite these challenges, the company’s overall operations remain stable due to steady production and a strong trading model.
The most recent analyst rating on (HK:1164) stock is a Buy with a HK$2.42 price target. To see the full list of analyst forecasts on CGN Mining Co stock, see the HK:1164 Stock Forecast page.
More about CGN Mining Co
CGN Mining Co is involved in the natural uranium industry, focusing on international trade and the production of natural uranium through its subsidiaries, including CGN Global Uranium Ltd. The company operates with a robust model for international trade and maintains steady production through its mining operations.
Average Trading Volume: 115,252,044
Technical Sentiment Signal: Buy
Current Market Cap: HK$18.17B
See more data about 1164 stock on TipRanks’ Stock Analysis page.