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Zijin Mining Group Co ( (HK:2899) ) has issued an update.
Zijin Mining Group has reported the results of the first exercise period of its 2023 Share Option Incentive Scheme, with 12.20 million share options exercised and registered out of 13.10 million eligible options, representing 93.13% uptake in this phase. Senior management, including the chairman, vice-chairman and most vice-presidents, fully exercised their vested options, underscoring strong internal confidence and aligning executives’ interests more closely with shareholders, while the company’s independent exercise mechanism allows underlying shares to become tradable two days after exercise, incrementally increasing the free float and potentially enhancing liquidity in its A shares.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$42.00 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
More about Zijin Mining Group Co
Zijin Mining Group Co. is a major Chinese mining company engaged primarily in the exploration, mining and processing of gold, copper and other non-ferrous and precious metals, with a broad domestic and international asset base serving both Chinese and global metals markets.
YTD Price Performance: 3.59%
Average Trading Volume: 64,407,811
Technical Sentiment Signal: Buy
Current Market Cap: HK$1008.5B
See more insights into 2899 stock on TipRanks’ Stock Analysis page.