Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Jiangxi Copper Company ( (HK:0358) ) has provided an update.
Jiangxi Copper’s wholly owned Hong Kong subsidiary, Jiangxi Copper Venture Exploration Management Limited, has signed an Investment Option Deed with FQM Kazakhstan Limited, a wholly owned unit of Canada-listed First Quantum Minerals. The agreement establishes a framework for technical collaboration and joint investment in a collaborative exploration project, including an investment option over Jiangxi Copper Venture Exploration’s interest in the Lakeside Minerals Limited project, and is intended to strengthen Jiangxi Copper’s overseas risk exploration platform and deepen its strategic partnership with First Quantum in global copper-resource development.
The most recent analyst rating on (HK:0358) stock is a Hold with a HK$45.00 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.
More about Jiangxi Copper Company
Jiangxi Copper Company Limited is a major Chinese non-ferrous metals producer focused on copper, with operations spanning mining, smelting, processing and related financial and investment activities. Through its Hong Kong subsidiaries, the group also pursues overseas resource exploration and strategic investments to expand its global footprint in copper and other base metals.
Average Trading Volume: 22,087,729
Technical Sentiment Signal: Buy
Current Market Cap: HK$202.3B
For a thorough assessment of 0358 stock, go to TipRanks’ Stock Analysis page.