Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
An update from Shandong Gold Mining Co., Ltd. Class H ( (HK:1787) ) is now available.
Shandong Gold Mining Co., Ltd. announced that its controlling shareholder, Shandong Gold Group Co., Ltd., has secured a Special Loan Commitment Letter from the Industrial and Commercial Bank of China Limited for a loan facility of up to RMB900 million. This loan is intended to increase the Gold Group’s shareholdings in the company, reflecting their confidence in the company’s future growth and investment value. The shareholding increase will be executed through various methods on the Shanghai Stock Exchange within the next twelve months, with an investment range between RMB0.5 billion and RMB1.0 billion.
The most recent analyst rating on (HK:1787) stock is a Buy with a HK$19.80 price target. To see the full list of analyst forecasts on Shandong Gold Mining Co., Ltd. Class H stock, see the HK:1787 Stock Forecast page.
More about Shandong Gold Mining Co., Ltd. Class H
Shandong Gold Mining Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the mining industry. The company primarily focuses on gold mining and related activities, aiming to maintain a strong market position in the gold sector.
Average Trading Volume: 14,744,782
Technical Sentiment Signal: Buy
Current Market Cap: HK$146.5B
See more insights into 1787 stock on TipRanks’ Stock Analysis page.