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Zijin Mining Group Co ( (HK:2899) ) just unveiled an update.
Zijin Mining Group Co., Ltd., a leading Chinese mining company focused on gold, copper, and other non-ferrous metals, operates a diversified portfolio of mining assets across domestic and international markets. Listed in both mainland China and Hong Kong, the company uses its financial scale to support capital management initiatives and long-term incentive programs for employees.
The company has launched a share repurchase plan for its A shares, committing RMB1.5 billion to RMB2.5 billion of self-owned funds over up to 12 months via centralized price bidding, with a maximum price of RMB41.5 per share and the repurchased stock designated for employee ownership or incentive schemes. In its first execution on 23 March 2026, Zijin bought back 21 million A shares, or 0.08% of its total share capital, at prices between RMB29.82 and RMB31.15 per share for a total of about RMB642.3 million, signaling active capital management and a focus on aligning employee and shareholder interests.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$55.00 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., Ltd. is a major Chinese mining company focused on the exploration, mining, and processing of mineral resources, particularly gold, copper, and other non-ferrous metals. The company operates globally and is listed in both mainland China and Hong Kong, serving domestic and international markets with a diversified portfolio of mining assets.
As a significant player in the metals and mining sector, Zijin leverages its scale and capital strength to optimize its capital structure, support employee incentive schemes, and enhance shareholder returns. Its strategic initiatives often include share repurchases and equity-based incentives aimed at aligning employee interests with long-term corporate performance.
YTD Price Performance: -4.04%
Average Trading Volume: 74,684,861
Technical Sentiment Signal: Buy
Current Market Cap: HK$943.6B
For a thorough assessment of 2899 stock, go to TipRanks’ Stock Analysis page.