Zijin Mining Group Co (2899) AI Stock Analysis

• Market Cap: HK$978.78B
• Dividend Yield: 1.55%
• Average Volume (3M): 86.23M
• Price to Earnings (P/E): 16.1
• Beta (1Y): 0.92
• Revenue Growth: 9.69%
• EPS Growth: 54.43%
• Country: HK
• Employees: 55,690
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.59
• Shares Outstanding: 5,988,921,400
• 10 Day Avg. Volume: 94,567,251
• 30 Day Avg. Volume: 86,234,990
• PEG Ratio: 0.26
• Price to Book (P/B): 4.53
• Price to Sales (P/S): 2.45
• P/FCF Ratio: 18.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$51.80
• Price Target Upside: 46.66% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 3.02
• Revenue Forecast (FY): HK$482.65B

• Rating: 66 Neutral
• Price Target: HK$38.00 ▲(7.59% Upside)
• Action: Downgraded Date: 03/25/26
• Date: Action: Downgraded 03/25/26

The score is supported primarily by strong financial performance driven by multi-year margin expansion and earnings growth, with improving cash generation. This is tempered by weak technical momentum (below key moving averages with negative MACD) and balance-sheet/cash-conversion risks, while valuation appears reasonable with a modest dividend yield.

Positive Factors

Sustained margin expansion & profitability

Multi-year margin improvement and sharply higher net income indicate the company has improved cost structure and scale economics. Sustained higher margins support internally funded investment, dividend capacity and resilience through commodity cycles, underpinning durable earnings power.

Negative Factors

Rising absolute debt levels

Material growth in absolute debt raises financial leverage and interest exposure. Higher indebtedness limits flexibility for growth investments or payout increases, elevates refinancing risk and makes cash flow variability from commodity cycles a greater threat to balance-sheet stability.

Zijin Mining Group Co Business Overview & Revenue Model

Company Description

Zijin Mining Group Company Limited, together with its subsidiaries, engages in prospecting, exploration, and mining mineral resources in Mainland China. It primarily produces gold bullion; gold, copper, zinc, tungsten, lead, and iron ore concentra...

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Zijin Mining Group Company Limited, together with its subsidiaries, engages in prospecting, exploration, and mining mineral resources in Mainland China. It primarily produces gold bullion; gold, copper, zinc, tungsten, lead, and iron ore concentra...

How the Company Makes Money

Zijin Mining primarily makes money by producing and selling mined metals, with revenue largely driven by (1) gold sales and (2) copper sales, and supplemented by sales of other metal by-products from its operations. Its revenue model is production...

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Zijin Mining primarily makes money by producing and selling mined metals, with revenue largely driven by (1) gold sales and (2) copper sales, and supplemented by sales of other metal by-products from its operations. Its revenue model is production...

Zijin Mining Group Co Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	340.04B	303.64B	293.40B	270.33B	225.10B
Gross Profit	96.79B	61.86B	46.38B	42.54B	34.75B
EBITDA	89.25B	62.46B	40.39B	43.00B	32.20B
Net Income	51.78B	32.05B	21.12B	20.04B	15.67B
Balance Sheet
Total Assets	513.93B	396.61B	343.01B	306.04B	208.59B
Cash, Cash Equivalents and Short-Term Investments	75.60B	37.69B	24.89B	25.34B	17.16B
Total Debt	169.84B	129.99B	122.83B	123.18B	77.30B
Total Liabilities	266.67B	218.88B	204.64B	181.59B	115.70B
Stockholders Equity	184.01B	139.79B	107.51B	88.94B	71.03B
Cash Flow
Free Cash Flow	44.46B	24.06B	6.43B	3.88B	5.92B
Operating Cash Flow	74.64B	48.86B	36.86B	28.68B	26.07B
Investing Cash Flow	-31.66B	-32.24B	-33.96B	-50.98B	-23.76B
Financing Cash Flow	-10.29B	-4.43B	-5.82B	27.26B	23.32M

Zijin Mining Group Co Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 35.32
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2899, the sentiment is Neutral. The current price of 35.32 is below the 20-day moving average (MA) of 36.40, below the 50-day MA of 40.09, and above the 200-day MA of 31.47, indicating a neutral trend. The MACD of -1.62 indicates Negative momentum. The RSI at 43.27 is Neutral, neither overbought nor oversold. The STOCH value of 71.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2899.

Zijin Mining Group Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0340	74 Outperform	HK$16.37B	14.89	23.61%	0.44%	6.76%	239.14%
3939	72 Outperform	HK$60.05B	22.66	32.65%	1.32%	31.24%	58.16%
2899	66 Neutral	HK$978.78B	16.09	30.60%	1.55%	9.69%	54.43%
3330	66 Neutral	HK$36.89B	13.75	33.81%	1.40%	70.92%	249.45%
1818	64 Neutral	HK$115.06B	27.53	11.01%	0.16%	44.37%	125.87%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
1787	55 Neutral	HK$198.44B	33.06	―	0.93%	36.74%	36.49%

Zijin Mining Group Co Corporate Events