Core Viewpoint - China International Capital Corporation (CICC) reports that Minmetals Resources (01208) is expected to see copper and zinc production increase by 11% and 26% respectively in Q3 2025 compared to the same period last year, driven by strong performance from the Las Bambas, Kinsevere, and Dugald River mines [1] Group 1 - The stable operation of the Las Bambas mine has led the company to raise its full-year copper production guidance to 400,000 tons [1] - CICC believes that this production level can be maintained over the next two years [1] - The earnings forecast for Minmetals Resources for 2026 to 2027 has been raised by 7% [1] Group 2 - The target price for Minmetals Resources has been adjusted from HKD 8.41 to HKD 8.63 [1] - CICC reaffirms a "Buy" rating for the company [1]
中银国际：升五矿资源(01208)目标价至8.63港元 重申“买入”评级