Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
MMG ( (HK:1208) ) has provided an announcement.
MMG Limited has announced a positive profit alert, expecting a significant increase in net profit after tax attributable to equity holders for the first half of 2025, reaching approximately US$340 million compared to US$21 million in the same period in 2024. This substantial growth is attributed to increased production, reduced unit production costs at Las Bambas, and higher commodity prices. The company is still finalizing its financial results, and stakeholders are advised to exercise caution when dealing with shares.
The most recent analyst rating on (HK:1208) stock is a Buy with a HK$3.50 price target. To see the full list of analyst forecasts on MMG stock, see the HK:1208 Stock Forecast page.
More about MMG
MMG Limited is a company incorporated in Hong Kong, operating in the mining industry. It focuses on the production of commodities such as copper, gold, and silver, with significant operations at its Las Bambas site.
Average Trading Volume: 65,349,064
Technical Sentiment Signal: Buy
Current Market Cap: HK$43.46B
See more data about 1208 stock on TipRanks’ Stock Analysis page.